Aritzia Inc. (OTCMKTS:ATZAF) Sees Large Decline in Short Interest

Aritzia Inc. (OTCMKTS:ATZAF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 484,373 shares, a decrease of 35.0% from the May 31st total of 745,653 shares. Based on an average daily volume of 73,298 shares, the days-to-cover ratio is presently 6.6 days.

Aritzia Price Performance

Shares of Aritzia stock opened at $111.54 on Thursday. The business’s 50 day simple moving average is $109.14 and its 200 day simple moving average is $94.44. Aritzia has a 52-week low of $49.12 and a 52-week high of $124.48.

Analysts Set New Price Targets

ATZAF has been the topic of several research analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Aritzia in a report on Friday, May 8th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Aritzia in a report on Friday, May 8th. National Bank Financial initiated coverage on shares of Aritzia in a research report on Wednesday, April 8th. They set an “outperform” rating for the company. Finally, TD Securities restated a “buy” rating on shares of Aritzia in a report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Aritzia

Aritzia Inc is a Canadian fashion retailer specializing in women’s apparel and accessories. Founded in 1984 by Brian Hill in Vancouver, British Columbia, the company has grown from a single boutique into a vertically integrated lifestyle brand. Aritzia designs, manufactures and markets a range of in-house labels, including TNA, Wilfred, Babaton and Super Puff, catering to a contemporary female clientele that values both trend-driven and timeless wardrobe essentials.

The company’s product assortment spans outerwear, knitwear, denim, suiting, activewear and accessories, with an emphasis on quality fabrics, fit and craftsmanship.