Dollarama Inc. (OTCMKTS:DLMAF) Sees Large Growth in Short Interest

Dollarama Inc. (OTCMKTS:DLMAF) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,140,900 shares, a growth of 12.7% from the August 15th total of 1,012,400 shares. Based on an average trading volume of 27,300 shares, the days-to-cover ratio is presently 41.8 days.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DLMAF shares. BMO Capital Markets boosted their price target on shares of Dollarama from $124.00 to $133.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Stifel Nicolaus boosted their target price on Dollarama from $110.00 to $125.00 and gave the company a “hold” rating in a research note on Thursday, June 13th.

Dollarama Stock Down 0.9 %

DLMAF traded down $0.87 on Monday, reaching $98.48. The company had a trading volume of 1,200 shares, compared to its average volume of 28,782. Dollarama has a fifty-two week low of $67.34 and a fifty-two week high of $102.05. The company’s fifty day moving average is $95.97 and its 200 day moving average is $88.75.

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.