Dorel Industries Inc. (OTCMKTS:DIIBF) Short Interest Update

Dorel Industries Inc. (OTCMKTS:DIIBF) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 99,900 shares, an increase of 21.2% from the October 31st total of 82,400 shares. Based on an average trading volume of 20,400 shares, the days-to-cover ratio is presently 4.9 days.

Dorel Industries Stock Performance

Shares of DIIBF stock traded up $0.08 during trading hours on Friday, hitting $3.11. The stock had a trading volume of 3,432 shares, compared to its average volume of 8,289. The firm has a market capitalization of $101.32 million, a PE ratio of -0.98 and a beta of 2.77. Dorel Industries has a twelve month low of $2.75 and a twelve month high of $5.53. The stock’s 50 day moving average is $3.80 and its 200 day moving average is $4.54. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.45 and a quick ratio of 0.67.

Analysts Set New Price Targets

DIIBF has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of Dorel Industries to a “hold” rating in a research note on Monday, November 18th. TD Securities cut shares of Dorel Industries from a “strong-buy” rating to a “hold” rating in a research report 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.