Short Interest in Altium Limited (OTCMKTS:ALMFF) Drops By 89.2%

Altium Limited (OTCMKTS:ALMFFGet Rating) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 5,500 shares, a drop of 89.2% from the August 15th total of 51,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 55.0 days.

Altium Stock Performance

Shares of ALMFF opened at $21.53 on Thursday. Altium has a one year low of $17.17 and a one year high of $32.11. The company has a 50-day moving average of $20.97 and a two-hundred day moving average of $21.89.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Altium from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 24th.

About Altium

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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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