Dorel Industries Inc. (OTCMKTS:DIIBF) Short Interest Up 8.1% in December

Dorel Industries Inc. (OTCMKTS:DIIBF) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 107,200 shares, a growth of 8.1% from the November 30th total of 99,200 shares. Based on an average trading volume of 13,600 shares, the short-interest ratio is presently 7.9 days.

Dorel Industries Price Performance

OTCMKTS:DIIBF opened at $2.65 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.46 and a current ratio of 0.94. The company has a 50-day moving average of $3.15 and a 200-day moving average of $4.18. Dorel Industries has a 52 week low of $2.36 and a 52 week high of $5.53. The company has a market capitalization of $86.33 million, a price-to-earnings ratio of -0.84 and a beta of 2.65.

Analysts Set New Price Targets

A number of brokerages have commented on DIIBF. BMO Capital Markets upgraded 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 note on Monday, November 18th.

About Dorel Industries

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.