Short Interest in Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Declines By 54.3%

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 50,094 shares, a drop of 54.3% from the February 26th total of 109,499 shares. Based on an average trading volume of 153,587 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

Several analysts recently issued reports on FRCOY shares. Nomura raised Fast Retailing to a “hold” rating in a research note on Tuesday, March 3rd. Zacks Research lowered Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Fast Retailing currently has an average rating of “Hold”.

Fast Retailing Stock Down 1.7%

Shares of OTCMKTS:FRCOY traded down $0.66 during trading on Thursday, hitting $38.53. The stock had a trading volume of 15,503 shares, compared to its average volume of 71,796. The firm’s fifty day moving average is $41.20 and its 200 day moving average is $37.27. Fast Retailing has a 12 month low of $28.46 and a 12 month high of $45.83.

About Fast Retailing

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.