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

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

Aritzia Stock Performance

ATZAF opened at $111.54 on Thursday. Aritzia has a 12 month low of $49.12 and a 12 month high of $124.48. The company has a fifty day simple moving average of $109.14 and a 200 day simple moving average of $94.44.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. National Bank Financial initiated coverage on Aritzia in a research note on Wednesday, April 8th. They issued an “outperform” rating on the stock. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Aritzia in a research report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Aritzia in a research note on Friday, May 8th. Finally, TD Securities reiterated a “buy” rating on shares of Aritzia in a research report on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, 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.