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

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

Analysts Set New Price Targets

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

Aristocrat Leisure Stock Performance

ARLUF stock opened at $46.20 on Thursday. The stock has a 50-day moving average price of $41.66 and a two-hundred day moving average price of $37.08. Aristocrat Leisure has a 1 year low of $30.30 and a 1 year high of $47.56.

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.