Short Interest in Aritzia Inc. (OTCMKTS:ATZAF) Increases By 305.1%

Aritzia Inc. (OTCMKTS:ATZAF) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,745,411 shares, an increase of 305.1% from the June 30th total of 677,632 shares. Based on an average daily trading volume, of 120,459 shares, the short-interest ratio is currently 22.8 days.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Aritzia in a research report on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Aritzia in a research report on Friday, July 10th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Aritzia in a research note on Friday, July 10th. TD Securities reissued a “buy” rating on shares of Aritzia in a report on Friday, July 10th. Finally, National Bank Financial began coverage on shares of Aritzia in a research report on Wednesday, April 8th. They issued an “outperform” rating on the stock. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Aritzia Stock Performance

ATZAF opened at $97.51 on Tuesday. The stock’s 50 day simple moving average is $108.82 and its 200-day simple moving average is $96.80. Aritzia has a 1 year low of $51.34 and a 1 year high of $124.48.

Aritzia Company Profile

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.