Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) Short Interest Down 5.1% in June

Industria de Diseño Textil, S.A. (OTCMKTS:IDEXY) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 52,400 shares, a decline of 5.1% from the May 31st total of 55,200 shares. Based on an average daily volume of 315,000 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered shares of Industria de Diseño Textil from an “outperform” rating to a “sector perform” rating in a report on Friday, May 17th.

Industria de Diseño Textil Stock Performance

IDEXY traded down $0.22 on Tuesday, hitting $24.44. The company had a trading volume of 148,460 shares, compared to its average volume of 129,808. Industria de Diseño Textil has a 52-week low of $17.01 and a 52-week high of $25.72. The stock has a fifty day simple moving average of $24.13 and a 200-day simple moving average of $23.00.

Industria de Diseño Textil (OTCMKTS:IDEXY) last released its earnings results on Wednesday, June 5th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $8.85 billion during the quarter, compared to analysts’ expectations of $9.13 billion. Industria de Diseño Textil had a return on equity of 31.68% and a net margin of 15.09%. On average, analysts anticipate that Industria de Diseño Textil will post 1.05 EPS for the current fiscal year.

Industria de Diseño Textil Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 17th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.2921 per share. The ex-dividend date was Monday, April 29th. This is a boost from Industria de Diseño Textil’s previous dividend of $0.23. Industria de Diseño Textil’s payout ratio is 61.46%.

About Industria de Diseño Textil

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.