Altium Limited (OTCMKTS:ALMFF) Short Interest Up 29.3% in March

Altium Limited (OTCMKTS:ALMFFGet Rating) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 10,600 shares, a growth of 29.3% from the March 15th total of 8,200 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 13.3 days.

Separately, Royal Bank of Canada raised Altium from an “underperform” rating to a “sector perform” rating and set a $34.00 target price for the company in a report on Monday, February 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.00.

OTCMKTS:ALMFF opened at $26.10 on Monday. The stock has a 50 day moving average of $24.65 and a 200-day moving average of $27.00. Altium has a 52 week low of $18.72 and a 52 week high of $32.11.

About Altium (Get Rating)

Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through Board and Systems; Microcontrollers and Embedded Systems; and Nexar segments. The company offers printed circuit board (PCB) design software products, including Altium Designer, Altium NEXUS, CircuitStudio, and CircuitMaker.

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