Dollarama Inc. (OTCMKTS:DLMAF) Sees Significant Growth in Short Interest

Dollarama Inc. (OTCMKTS:DLMAF) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,140,900 shares, an increase of 12.7% from the August 15th total of 1,012,400 shares. Based on an average daily trading volume, of 27,300 shares, the short-interest ratio is currently 41.8 days.

Analyst Ratings Changes

Several research firms have commented on DLMAF. BMO Capital Markets raised their target price on shares of Dollarama from $124.00 to $133.00 and gave the company an “outperform” rating in a research note on Monday, June 3rd. Stifel Nicolaus raised their price objective on shares of Dollarama from $110.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, June 13th.

Dollarama Trading Down 1.5 %

Shares of DLMAF opened at $98.51 on Wednesday. Dollarama has a one year low of $67.34 and a one year high of $102.05. The company has a 50-day moving average of $96.15 and a two-hundred day moving average of $89.05.

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.