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

Dollarama Inc. (OTCMKTS:DLMAF) saw a significant increase in short interest in 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 volume of 34,600 shares, the short-interest ratio is presently 18.7 days.

Wall Street Analysts Forecast Growth

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

Dollarama Price Performance

Shares of DLMAF opened at $97.91 on Friday. The firm has a 50-day moving average of $92.76 and a 200-day moving average of $85.15. Dollarama has a one year low of $62.75 and a one year high of $98.14.

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.