Innovative Designs, Inc. (OTCMKTS:IVDN) Sees Significant Increase in Short Interest

Innovative Designs, Inc. (OTCMKTS:IVDNGet Rating) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 3,300 shares, an increase of 26.9% from the June 15th total of 2,600 shares. Based on an average daily volume of 34,700 shares, the short-interest ratio is presently 0.1 days.

Innovative Designs Price Performance

Shares of OTCMKTS IVDN opened at $0.17 on Friday. Innovative Designs has a 1 year low of $0.11 and a 1 year high of $0.44. The firm has a 50-day moving average of $0.19 and a 200 day moving average of $0.27. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.56 and a quick ratio of 0.48.

About Innovative Designs

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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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