Dorel Industries Inc. (OTCMKTS:DIIBF – Get Rating) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 305,700 shares, a decline of 8.4% from the July 15th total of 333,600 shares. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is currently 38.7 days.

Analysts Set New Price Targets

DIIBF has been the subject of a number of research reports. TD Securities decreased their target price on Dorel Industries from C$22.00 to C$17.00 in a report on Monday, May 9th. BMO Capital Markets decreased their target price on Dorel Industries from C$17.00 to C$11.00 in a report on Monday, May 9th.

Dorel Industries Stock Down 3.3 %

OTCMKTS DIIBF opened at $5.39 on Thursday. The stock has a market cap of $175.76 million, a PE ratio of 1.08 and a beta of 2.66. Dorel Industries has a fifty-two week low of $4.20 and a fifty-two week high of $23.23. The business has a 50 day moving average price of $5.02 and a two-hundred day moving average price of $6.83. The company has a quick ratio of 0.92, a current ratio of 1.91 and a debt-to-equity ratio of 0.54.

About Dorel Industries

Dorel Industries Inc designs, manufactures, sources, markets, and distributes home products and juvenile products worldwide. The company's Dorel Home segment engages in the design, manufacture, sourcing, and distribution of ready-to assemble furniture and home furnishings products, folding chair and tables, outdoor and juvenile furniture, futons, bunk beds, mattresses, bedroom, dining, home entertainment, and office furniture, upholstery, step stools and ladders, and hand trucks.

Further Reading

• Get a free copy of the StockNews.com research report on Dorel Industries (DIIBF)
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