Dorel Industries Inc. (OTCMKTS:DIIBF – Get Rating) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,481,300 shares, a drop of 6.8% from the January 31st total of 1,589,200 shares. Based on an average daily volume of 11,100 shares, the short-interest ratio is presently 133.5 days.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets cut their target price on shares of Dorel Industries from C$9.00 to C$7.00 in a report on Monday, November 7th.
Get Dorel Industries alerts:Dorel Industries Price Performance
Shares of OTCMKTS:DIIBF opened at $3.48 on Tuesday. The company's fifty day simple moving average is $3.99 and its 200 day simple moving average is $4.09. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.72 and a current ratio of 1.90. Dorel Industries has a 12 month low of $3.34 and a 12 month high of $9.24.
About Dorel Industries
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Dorel Industries, Inc engages in the design, manufacture, and distribution of home products. It operates through the Dorel Home and Dorel Juvenile segments. The Dorel Home segment focuses on the design, sourcing, and sale of ready-to-assemble furniture and home furnishings, which includes metal folding furniture, futons, step stools, ladders, and other imported furniture items.
Further Reading
- Get a free copy of the StockNews.com research report on Dorel Industries (DIIBF)
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