Aristocrat Leisure Limited (OTCMKTS:ARLUF) Short Interest Up 116.9% in July

Aristocrat Leisure Limited (OTCMKTS:ARLUF) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 666,437 shares, a growth of 116.9% from the June 30th total of 307,311 shares. Based on an average daily volume of 1,742 shares, the days-to-cover ratio is presently 382.6 days.

Aristocrat Leisure Stock Performance

Shares of ARLUF stock opened at $44.00 on Tuesday. The company’s fifty day simple moving average is $39.58 and its two-hundred day simple moving average is $36.48. Aristocrat Leisure has a 52 week low of $30.30 and a 52 week high of $47.56.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada began coverage on shares of Aristocrat Leisure in a report on Tuesday, April 28th. They set an “outperform” rating and a $58.00 price objective for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $58.00.

About Aristocrat Leisure

Aristocrat Leisure Limited is a global gaming content and technology company headquartered in Sydney, Australia. Established in 1953 by Len Ainsworth, Aristocrat has grown into one of the world’s leading designers and manufacturers of casino gaming machines and electronic gaming systems. The company’s product portfolio spans video and reel slot machines, electronic table games, player management systems and casino management software, serving land-based gaming establishments across multiple jurisdictions.

Over the decades, Aristocrat has expanded its geographic footprint to include North America, Europe, Latin America and the Asia-Pacific region.