Short Interest in Aritzia Inc. (OTCMKTS:ATZAF) Decreases By 35.0%

Aritzia Inc. (OTCMKTS:ATZAF) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 484,373 shares, a decline of 35.0% from the May 31st total of 745,653 shares. Based on an average trading volume of 73,298 shares, the days-to-cover ratio is presently 6.6 days.

Aritzia Stock Performance

Aritzia stock opened at $107.96 on Friday. The stock’s fifty day moving average price is $109.28 and its two-hundred day moving average price is $94.62. Aritzia has a one year low of $51.34 and a one year high of $124.48.

Analysts Set New Price Targets

ATZAF has been the topic of a number of recent analyst reports. National Bank Financial assumed coverage on Aritzia in a report on Wednesday, April 8th. They set an “outperform” rating on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Aritzia in a report on Friday, May 8th. TD Securities reaffirmed a “buy” rating on shares of Aritzia in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Aritzia in a report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Aritzia presently has a consensus rating of “Buy”.

Aritzia Company Profile

Aritzia Inc is a Canadian fashion retailer specializing in women’s apparel and accessories. Founded in 1984 by Brian Hill in Vancouver, British Columbia, the company has grown from a single boutique into a vertically integrated lifestyle brand. Aritzia designs, manufactures and markets a range of in-house labels, including TNA, Wilfred, Babaton and Super Puff, catering to a contemporary female clientele that values both trend-driven and timeless wardrobe essentials.

The company’s product assortment spans outerwear, knitwear, denim, suiting, activewear and accessories, with an emphasis on quality fabrics, fit and craftsmanship.