Short Interest in Dollarama Inc. (OTCMKTS:DLMAF) Rises By 34.7%

Dollarama Inc. (OTCMKTS:DLMAF) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 1,547,200 shares, a growth of 34.7% from the July 31st total of 1,149,000 shares. Based on an average daily trading volume, of 700 shares, the short-interest ratio is currently 2,210.3 days.

Dollarama Price Performance

Dollarama stock opened at $64.31 on Wednesday. The company’s 50 day simple moving average is $65.39 and its 200 day simple moving average is $62.13. Dollarama has a fifty-two week low of $54.66 and a fifty-two week high of $67.73.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Dollarama from C$98.00 to C$101.00 in a report on Thursday, June 8th. National Bank Financial lifted their price target on shares of Dollarama from C$93.00 to C$95.00 in a research report on Thursday, June 8th. Scotiabank increased their price objective on shares of Dollarama from C$93.00 to C$95.50 in a report on Tuesday, May 30th. Finally, Stifel Nicolaus lifted their target price on shares of Dollarama from C$94.00 to C$96.00 in a report on Thursday, June 8th.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.