Dollarama Inc. (OTCMKTS:DLMAF – Get Free Report) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 541,800 shares, an increase of 26.5% from the May 31st total of 428,400 shares. Based on an average daily trading volume, of 64,600 shares, the days-to-cover ratio is currently 8.4 days.
Dollarama Trading Down 0.4 %
Shares of OTCMKTS:DLMAF opened at $91.65 on Tuesday. Dollarama has a 1 year low of $62.75 and a 1 year high of $93.07. The stock has a 50-day simple moving average of $89.07 and a 200-day simple moving average of $80.30.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on DLMAF. BMO Capital Markets raised their price target on Dollarama from $124.00 to $133.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Stifel Nicolaus raised their price target on Dollarama from $110.00 to $125.00 and gave the company a “hold” rating in a research report on Thursday, June 13th.
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.
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