Aritzia Inc. (OTCMKTS:ATZAF) Sees Large Decline in Short Interest

Aritzia Inc. (OTCMKTS:ATZAF) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 1,586,700 shares, a decrease of 9.7% from the March 15th total of 1,756,500 shares. Based on an average daily volume of 25,400 shares, the short-interest ratio is presently 62.5 days.

Wall Street Analyst Weigh In

Separately, Raymond James raised their target price on shares of Aritzia from $35.00 to $46.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th.

Aritzia Stock Down 4.3 %

Shares of Aritzia stock opened at $24.07 on Monday. The business has a fifty day simple moving average of $26.91 and a 200 day simple moving average of $22.11. Aritzia has a 12 month low of $15.00 and a 12 month high of $32.77.

About Aritzia

Aritzia Inc, together with its subsidiaries, designs and sells apparel and accessories for women in the United States and Canada. The company offers t-shirts and tops, sweaters, shirts and blouses, bodysuits, sweatshirts, blazers, jacket and coats, and dresses; pants, denim, leggings and bike shorts, sweatpants, skirts, shorts, sweatshorts, and jumpsuits and rompers; accessories, such as socks, hats, bags, scarves, belts, and intimates; swimwear; and shoes.