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

Dorel Industries Inc. (OTCMKTS:DIIBF) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 114,000 shares, a decline of 5.6% from the January 15th total of 120,800 shares. Based on an average trading volume of 9,800 shares, the short-interest ratio is presently 11.6 days.

Dorel Industries Stock Performance

Shares of OTCMKTS DIIBF opened at $3.02 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.46 and a debt-to-equity ratio of 0.28. Dorel Industries has a 12 month low of $2.36 and a 12 month high of $5.53. The company has a 50 day simple moving average of $3.11 and a two-hundred day simple moving average of $3.77. The stock has a market cap of $98.56 million, a price-to-earnings ratio of -0.96 and a beta of 2.68.

Analyst Ratings Changes

Several analysts have commented on DIIBF shares. TD Securities cut shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 18th. BMO Capital Markets upgraded shares of Dorel Industries to a “hold” rating in a research note on Monday, November 18th.

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.