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

Dollarama Inc. (OTCMKTS:DLMAF) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 645,700 shares, an increase of 84.0% from the July 15th total of 351,000 shares. Based on an average daily trading volume, of 34,600 shares, the short-interest ratio is presently 18.7 days.

Dollarama Stock Performance

OTCMKTS DLMAF opened at $94.70 on Wednesday. Dollarama has a 52 week low of $62.75 and a 52 week high of $95.98. The company has a 50-day moving average price of $92.65 and a two-hundred day moving average price of $84.92.

Wall Street Analyst Weigh In

DLMAF has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Dollarama from $110.00 to $125.00 and gave the stock a “hold” rating in a research report on Thursday, June 13th. BMO Capital Markets upped their target price on shares of Dollarama from $124.00 to $133.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd.

About Dollarama

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.