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

Dorel Industries Inc. (OTCMKTS:DIIBF) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 85,200 shares, a decline of 10.1% from the August 15th total of 94,800 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 11.8 days.

Dorel Industries Trading Up 0.9 %

Shares of Dorel Industries stock traded up $0.04 during mid-day trading on Wednesday, hitting $4.50. 2,751 shares of the stock were exchanged, compared to its average volume of 4,959. The stock has a market capitalization of $146.51 million, a price-to-earnings ratio of -3.02 and a beta of 2.74. Dorel Industries has a twelve month low of $3.29 and a twelve month high of $5.53. The company has a current ratio of 1.45, a quick ratio of 0.67 and a debt-to-equity ratio of 1.69. The company has a 50-day simple moving average of $4.90 and a 200 day simple moving average of $4.83.

Dorel Industries (OTCMKTS:DIIBF) last posted its earnings results on Friday, August 9th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.28). The firm had revenue of $348.08 million during the quarter. Dorel Industries had a negative net margin of 6.47% and a negative return on equity of 20.39%.

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.