Innovative Designs, Inc. (OTCMKTS:IVDN) Sees Large Growth in Short Interest

Innovative Designs, Inc. (OTCMKTS:IVDNGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, an increase of 100.0% from the March 31st total of 100 shares. Based on an average daily trading volume, of 12,100 shares, the days-to-cover ratio is currently 0.0 days.

IVDN opened at $0.20 on Friday. Innovative Designs has a 1 year low of $0.11 and a 1 year high of $0.44. The company has a quick ratio of 0.64, a current ratio of 1.70 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $0.29 and its two-hundred day moving average price is $0.34.

Innovative Designs Company Profile (Get Rating)

Innovative Designs, Inc manufactures and markets cold weather recreational and industrial clothing products in the United States and Canada. The company operates in two segments, Apparel and House Wrap. It offers arctic armor line products, including jackets, bibs, and gloves for ice fisherman, snowmobilers, utility workers, oil/gas pipeline workers, railroad workers, construction workers, ski resort workers, and police and first responders; and house wrap that provides barrier protection and moisture vapor transmission and insulation, and tape products for the building construction industry.

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