Short Interest in Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Drops By 58.1%

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 9,800 shares, a decrease of 58.1% from the November 30th total of 23,400 shares. Based on an average daily trading volume, of 517,100 shares, the short-interest ratio is currently 0.0 days.

Industria de Diseño Textil Trading Up 0.6 %

Shares of IDEXY traded up $0.15 during trading hours on Friday, hitting $25.85. 148,551 shares of the stock traded hands, compared to its average volume of 152,777. The business has a fifty day moving average of $27.71 and a 200-day moving average of $26.77. The firm has a market capitalization of $161.13 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. Industria de Diseño Textil has a 1-year low of $20.44 and a 1-year high of $30.11.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, November 19th. Stockholders of record on Friday, November 1st were paid a $0.2922 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from Industria de Diseño Textil’s previous dividend of $0.29. Industria de Diseño Textil’s dividend payout ratio (DPR) is 56.44%.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut shares of Industria de Diseño Textil from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 12th.

Industria de Diseño Textil Company Profile

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household products. The company sells its products under the Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, and Zara Home brands. It is also involved in the textile manufacturing, logistics, design, insurance, construction, and real estate businesses, as well as provides financial services.