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

Dorel Industries Inc. (OTCMKTS:DIIBF - Get Free Report) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 107,200 shares, an increase of 8.1% from the November 30th total of 99,200 shares. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is presently 7.9 days.

Dorel Industries Stock Performance

Shares of DIIBF stock traded up $0.18 during mid-day trading on Wednesday, reaching $2.65. The stock had a trading volume of 18,351 shares, compared to its average volume of 5,459. The firm has a market cap of $86.33 million, a PE ratio of -0.84 and a beta of 2.65. The company has a quick ratio of 0.46, a current ratio of 0.94 and a debt-to-equity ratio of 0.28. Dorel Industries has a one year low of $2.36 and a one year high of $5.53. The firm's 50 day simple moving average is $3.15 and its 200 day simple moving average is $4.18.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Dorel Industries to a "hold" rating in a report on Monday, November 18th. TD Securities cut shares of Dorel Industries from a "strong-buy" rating to a "hold" rating in a report on Monday, November 18th.

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.