Aristocrat Leisure Limited (OTCMKTS:ARLUF) Sees Large Growth in Short Interest

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

Wall Street Analyst Weigh In

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

Aristocrat Leisure Price Performance

ARLUF stock opened at $44.72 on Wednesday. Aristocrat Leisure has a 52-week low of $30.30 and a 52-week high of $47.56. The company’s 50-day simple moving average is $39.69 and its 200-day simple moving average is $36.54.

Aristocrat Leisure Company Profile

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.