Dorel Industries Inc. (OTCMKTS:DIIBF) Short Interest Down 54.6% in March

Dorel Industries Inc. (OTCMKTS:DIIBF) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 91,900 shares, a drop of 54.6% from the March 15th total of 202,400 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 18.0 days.

Dorel Industries Stock Performance

OTCMKTS:DIIBF remained flat at $4.73 on Thursday. The company’s stock had a trading volume of 1,212 shares, compared to its average volume of 5,785. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.60 and a current ratio of 1.44. Dorel Industries has a 52 week low of $2.39 and a 52 week high of $5.38. The firm’s 50-day simple moving average is $4.61 and its 200-day simple moving average is $4.44. The firm has a market capitalization of $154.04 million, a P/E ratio of -2.50 and a beta of 2.63.

Dorel Industries (OTCMKTS:DIIBF) last released its earnings results on Monday, March 11th. The company reported $0.01 earnings per share for the quarter. Dorel Industries had a negative return on equity of 24.87% and a negative net margin of 4.49%. The company had revenue of $350.68 million for the quarter.

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.