Dorel Industries Inc. (OTCMKTS:DIIBF) Sees Significant Growth in Short Interest

Dorel Industries Inc. (OTCMKTS:DIIBFGet Free Report) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 87,700 shares, a growth of 5.4% from the May 15th total of 83,200 shares. Based on an average daily volume of 8,800 shares, the short-interest ratio is currently 10.0 days.

Dorel Industries Stock Down 0.4 %

DIIBF traded down $0.02 during trading on Tuesday, reaching $5.13. 2,084 shares of the company were exchanged, compared to its average volume of 4,199. The company’s 50-day moving average is $4.73 and its two-hundred day moving average is $4.66. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.65 and a current ratio of 1.48. Dorel Industries has a 12-month low of $3.27 and a 12-month high of $5.52.

Dorel Industries (OTCMKTS:DIIBFGet Free Report) last released its quarterly earnings results on Friday, May 10th. The company reported ($0.52) earnings per share for the quarter. Dorel Industries had a negative net margin of 3.44% and a negative return on equity of 19.59%. The business had revenue of $351.07 million during the quarter.

About Dorel Industries

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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.

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