Short Interest in Dollarama Inc. (OTCMKTS:DLMAF) Drops By 9.5%

Dollarama Inc. (OTCMKTS:DLMAF) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 490,200 shares, a decrease of 9.5% from the June 15th total of 541,800 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is currently 6.2 days.

Dollarama Price Performance

DLMAF stock remained flat at $94.57 during trading on Wednesday. 18,601 shares of the company were exchanged, compared to its average volume of 28,498. The business’s fifty day moving average is $91.11 and its 200-day moving average is $82.12. Dollarama has a twelve month low of $62.75 and a twelve month high of $95.98.

Analyst Ratings Changes

DLMAF has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of Dollarama from $124.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd. Stifel Nicolaus raised their price objective 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.

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.