Dorel Industries Inc. (OTCMKTS:DIIBF) Short Interest Down 10.1% in August

Dorel Industries Inc. (OTCMKTS:DIIBF) was the target of a significant decline in short interest in 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 trading volume of 7,200 shares, the days-to-cover ratio is presently 11.8 days.

Dorel Industries Trading Up 2.2 %

OTCMKTS DIIBF opened at $4.60 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $149.76 million, a P/E ratio of -3.09 and a beta of 2.74. Dorel Industries has a 52-week low of $3.29 and a 52-week high of $5.53. The firm has a 50-day moving average price of $4.90 and a 200 day moving average price of $4.83.

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

About Dorel Industries

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.