Aritzia Inc. (OTCMKTS:ATZAF) Short Interest Update

Aritzia Inc. (OTCMKTS:ATZAF – Get Rating) was the target of a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 937,500 shares, a drop of 34.3% from the December 15th total of 1,428,000 shares. Based on an average trading volume of 3,200 shares, the short-interest ratio is currently 293.0 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ATZAF. Canaccord Genuity Group increased their price target on shares of Aritzia from C$64.00 to C$67.00 and gave the company a “buy” rating in a research report on Thursday, October 13th. Royal Bank of Canada raised their target price on shares of Aritzia from C$56.00 to C$63.00 in a report on Friday, October 28th. Stifel Nicolaus raised their target price on shares of Aritzia from C$57.00 to C$59.00 in a report on Friday, October 28th. TD Securities started coverage on shares of Aritzia in a report on Tuesday, December 20th. They set a “buy” rating and a $62.00 target price on the stock. Finally, BMO Capital Markets raised their target price on shares of Aritzia from C$59.00 to C$61.00 in a report on Thursday, October 13th.

Aritzia Stock Up 2.5 %

Shares of ATZAF opened at $34.44 on Friday. Aritzia has a twelve month low of $24.89 and a twelve month high of $47.60. The company has a 50 day moving average of $36.19 and a 200-day moving average of $34.66.

About Aritzia

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Aritzia Inc, together with its subsidiaries, designs and sells apparels and accessories for women in North America. It offers t-shirts and tops, bodysuits, shirts and blouses, sweaters, jumpsuits and rompers, shirt jackets, skirts, bodysuits, activeware, knitwear, sweatsuits, pants, denims, leggings, bike shorts, dresses, jackets, blazers, jackets and coats, and shoes, as well as accessories, including hats, socks, face masks, intimates, gloves and mittens, belts, scarves, scrunchies, bags, and iphone cases.