Dollarama Inc. (OTCMKTS:DLMAF) Short Interest Update

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

Analysts Set New Price Targets

DLMAF has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on Dollarama from $124.00 to $133.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Stifel Nicolaus upped their target price on Dollarama from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday, June 13th.

Dollarama Price Performance

DLMAF traded down $0.87 during midday trading on Monday, reaching $98.48. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 28,782. Dollarama has a 1 year low of $67.34 and a 1 year high of $102.05. The stock’s 50-day moving average is $95.97 and its 200-day moving average is $88.75.

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.