Innovative Designs, Inc. (OTCMKTS:IVDN) Short Interest Update

Innovative Designs, Inc. (OTCMKTS:IVDN) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 2,200 shares, a decline of 18.5% from the May 31st total of 2,700 shares. Based on an average trading volume of 5,200 shares, the short-interest ratio is presently 0.4 days.

Innovative Designs Stock Performance

Shares of OTCMKTS IVDN remained flat at $0.15 during trading on Tuesday. The company’s stock had a trading volume of 2,255 shares, compared to its average volume of 15,488. The company has a 50 day simple moving average of $0.16 and a two-hundred day simple moving average of $0.16. Innovative Designs has a 1 year low of $0.10 and a 1 year high of $0.35. The company has a current ratio of 4.09, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

About Innovative Designs

Innovative Designs, Inc engages in manufacture and marketing of 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 for the building construction industry.