Dollarama Inc. (OTCMKTS:DLMAF) Short Interest Update

Dollarama Inc. (OTCMKTS:DLMAF) was the target of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 428,400 shares, a drop of 34.5% from the May 15th total of 654,000 shares. Based on an average daily trading volume, of 55,600 shares, the days-to-cover ratio is presently 7.7 days.

Dollarama Trading Up 1.4 %

DLMAF traded up $1.21 during trading on Friday, hitting $89.88. 11,435 shares of the stock were exchanged, compared to its average volume of 20,887. Dollarama has a 1-year low of $62.75 and a 1-year high of $93.07. The stock has a fifty day moving average price of $87.06 and a two-hundred day moving average price of $78.86.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Dollarama from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Thursday. BMO Capital Markets boosted their target price on Dollarama from $124.00 to $133.00 and gave the stock an “outperform” rating in a research note on Monday, June 3rd.

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.