Aritzia Inc. (OTCMKTS:ATZAF) Sees Significant Increase in Short Interest

Aritzia Inc. (OTCMKTS:ATZAF) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 2,745,411 shares, a growth of 305.1% from the June 30th total of 677,632 shares. Based on an average daily trading volume, of 120,459 shares, the days-to-cover ratio is presently 22.8 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Aritzia in a research note on Friday, July 10th. Royal Bank Of Canada restated an “outperform” rating on shares of Aritzia in a research note on Friday, July 10th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Aritzia in a research note on Friday, May 8th. National Bank Financial started coverage on Aritzia in a report on Wednesday, April 8th. They set an “outperform” rating on the stock. Finally, TD Securities restated a “buy” rating on shares of Aritzia in a research report on Friday, July 10th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Aritzia Stock Performance

Aritzia stock opened at $94.92 on Monday. Aritzia has a 1 year low of $51.34 and a 1 year high of $124.48. The firm’s 50 day moving average price is $108.92 and its 200-day moving average price is $96.74.

About Aritzia

Aritzia Inc is a Canadian fashion retailer specializing in women’s apparel and accessories. Founded in 1984 by Brian Hill in Vancouver, British Columbia, the company has grown from a single boutique into a vertically integrated lifestyle brand. Aritzia designs, manufactures and markets a range of in-house labels, including TNA, Wilfred, Babaton and Super Puff, catering to a contemporary female clientele that values both trend-driven and timeless wardrobe essentials.

The company’s product assortment spans outerwear, knitwear, denim, suiting, activewear and accessories, with an emphasis on quality fabrics, fit and craftsmanship.