Altium Limited (OTCMKTS:ALMFF) Sees Large Decrease in Short Interest

Altium Limited (OTCMKTS:ALMFF) saw a large drop in short interest in August. As of August 31st, there was short interest totalling 189,400 shares, a drop of 6.8% from the August 15th total of 203,200 shares. Based on an average trading volume of 1,000 shares, the days-to-cover ratio is currently 189.4 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on ALMFF. Royal Bank of Canada raised shares of Altium from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, August 22nd. CLSA raised shares of Altium from an “underperform” rating to an “outperform” rating in a research report on Friday, August 11th.

Altium Stock Performance

ALMFF stock opened at $30.29 on Tuesday. Altium has a twelve month low of $23.20 and a twelve month high of $31.40. The business has a 50 day moving average price of $26.60 and a two-hundred day moving average price of $25.79.

About Altium

Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through two segments: Design Software; and Cloud Platform. The company offers printed circuit board (PCB) design software products, including Altium Designer, Altium 365 viewer, CircuitStudio, and CircuitMaker.