Short Interest in Dorel Industries Inc. (OTCMKTS:DIIBF) Drops By 5.6%

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on DIIBF. BMO Capital Markets raised Dorel Industries to a "hold" rating in a research note on Monday, November 18th. TD Securities lowered Dorel Industries from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 18th.

Dorel Industries Trading Down 2.0 %

Shares of DIIBF traded down $0.06 on Friday, reaching $2.81. 6,058 shares of the company's stock were exchanged, compared to its average volume of 7,247. The business has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $3.76. Dorel Industries has a 12 month low of $2.36 and a 12 month high of $5.53. The stock has a market capitalization of $91.64 million, a P/E ratio of -0.89 and a beta of 2.68. 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 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.