Dollarama Inc. (OTCMKTS:DLMAF – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 428,400 shares, a decrease of 34.5% from the May 15th total of 654,000 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is currently 7.7 days.
Dollarama Price Performance
DLMAF stock traded up $1.21 during midday trading on Friday, hitting $89.88. 11,435 shares of the company’s 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 business has a 50-day simple moving average of $87.06 and a two-hundred day simple moving average of $78.91.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. 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 report on Monday, June 3rd. Stifel Nicolaus boosted their price target on shares of Dollarama from $110.00 to $125.00 and gave the stock a “hold” rating in a report on Thursday.
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.
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