Aritzia Inc. (OTCMKTS:ATZAF – Get Rating) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,683,900 shares, a growth of 80.5% from the April 30th total of 933,000 shares. Based on an average daily trading volume, of 35,400 shares, the days-to-cover ratio is presently 47.6 days.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Aritzia from C$62.00 to C$50.00 in a report on Wednesday, May 3rd. BMO Capital Markets downgraded shares of Aritzia from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 3rd. Royal Bank of Canada decreased their price objective on shares of Aritzia from C$63.00 to C$60.00 in a report on Wednesday, May 3rd. Finally, TD Securities decreased their price objective on shares of Aritzia from C$62.00 to C$50.00 in a report on Wednesday, May 3rd.
Aritzia Stock Performance
Shares of ATZAF traded up $0.47 during midday trading on Friday, hitting $27.00. 2,607 shares of the stock traded hands, compared to its average volume of 4,853. Aritzia has a 1-year low of $24.11 and a 1-year high of $41.10. The business’s 50 day moving average price is $29.57 and its two-hundred day moving average price is $32.94.
Aritzia, Inc engages in the design of apparel and accessories for its collection of fashion brands. Its brands include Wilfred, Babaton, Tna, Wilfred Free, Sunday Best, Le Fou Wilfred, Denim Forum, Little Moon, and The Group by Babaton. It operates through Canada, and United States geographical segments.
- Get a free copy of the StockNews.com research report on Aritzia (ATZAF)
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