Short Interest in Dorel Industries Inc. (OTCMKTS:DIIBF) Increases By 108.0%

Dorel Industries Inc. (OTCMKTS:DIIBF) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 202,400 shares, a growth of 108.0% from the February 29th total of 97,300 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is presently 27.4 days.

Dorel Industries Price Performance

Shares of DIIBF traded up $0.10 during mid-day trading on Thursday, hitting $5.12. The company’s stock had a trading volume of 2,377 shares, compared to its average volume of 5,360. The company has a current ratio of 1.52, a quick ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm has a 50-day simple moving average of $4.65 and a 200 day simple moving average of $4.39. The firm has a market capitalization of $166.66 million, a P/E ratio of -2.67 and a beta of 2.61. Dorel Industries has a 1-year low of $2.39 and a 1-year high of $5.38.

Dorel Industries (OTCMKTS:DIIBF) last posted its quarterly earnings results on Monday, March 11th. The company reported $0.01 EPS for the quarter. The business had revenue of $350.68 million during the quarter. Dorel Industries had a negative return on equity of 24.52% and a negative net margin of 4.49%.

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.