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

Aristocrat Leisure Limited (OTCMKTS:ARLUF) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 182,437 shares, a decline of 72.6% from the July 15th total of 666,437 shares. Based on an average daily volume of 263 shares, the short-interest ratio is presently 693.7 days.

Wall Street Analyst Weigh In

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

Aristocrat Leisure Price Performance

Shares of ARLUF stock opened at $46.20 on Thursday. Aristocrat Leisure has a 12-month low of $30.30 and a 12-month high of $47.56. The firm has a fifty day moving average of $41.66 and a 200-day moving average of $37.08.

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.