Dollarama Inc. (OTCMKTS:DLMAF – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 1,079,700 shares, a drop of 5.4% from the August 31st total of 1,140,900 shares. Based on an average daily volume of 33,800 shares, the short-interest ratio is currently 31.9 days.
Dollarama Price Performance
Shares of OTCMKTS DLMAF opened at $101.14 on Wednesday. The business’s 50-day simple moving average is $97.33 and its 200-day simple moving average is $90.57. Dollarama has a 52 week low of $67.34 and a 52 week high of $102.52.
Analyst Upgrades and Downgrades
Separately, Stifel Nicolaus raised their price target on Dollarama from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Thursday, June 13th.
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.
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