Dorel Industries Inc. (OTCMKTS:DIIBF) Sees Large Decline in Short Interest

Dorel Industries Inc. (OTCMKTS:DIIBF) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 114,000 shares, a decrease of 5.6% from the January 15th total of 120,800 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 11.6 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets raised Dorel Industries to a “hold” rating in a research report on Monday, November 18th. TD Securities lowered Dorel Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 18th.

Dorel Industries Trading Up 3.1 %

OTCMKTS:DIIBF opened at $3.13 on Wednesday. Dorel Industries has a 1 year low of $2.36 and a 1 year high of $5.53. The stock has a market cap of $102.01 million, a price-to-earnings ratio of -0.99 and a beta of 2.68. The business has a fifty day moving average of $3.10 and a 200-day moving average of $3.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94.

Dorel Industries Company Profile

Dorel Industries Inc engages in the design, manufacture, sourcing, marketing, and distribution of home and juvenile products worldwide. The company operates through Dorel Home and Dorel Juvenile segments. The Dorel Home segment offers ready-to assemble furniture and home furnishings products, including metal folding furniture, futons, children's furniture, step stools, hand trucks, ladders, outdoor furniture, and other imported furniture items.