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

Dorel Industries Inc. (OTCMKTS:DIIBF) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 99,900 shares, a growth 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 Up 2.8 %

Dorel Industries stock traded up $0.08 during midday trading on Friday, hitting $3.11. 3,432 shares of the stock were exchanged, compared to its average volume of 8,289. 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 $101.32 million, a price-to-earnings ratio of -0.98 and a beta of 2.77. Dorel Industries has a 52-week low of $2.75 and a 52-week high of $5.53. The business’s 50-day moving average price is $3.80 and its 200-day moving average price is $4.54.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIIBF. TD Securities lowered Dorel Industries from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 18th. BMO Capital Markets upgraded 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.