Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) Short Interest Up 75.7% in May

Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 248,830 shares, a growth of 75.7% from the May 14th total of 141,584 shares. Approximately 23.9% of the company’s shares are short sold. Based on an average daily volume of 950,992 shares, the short-interest ratio is presently 0.3 days.

Tokyo Lifestyle Stock Down 2.4%

TKLF stock opened at $2.05 on Wednesday. The company’s 50 day moving average price is $2.12 and its 200 day moving average price is $2.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.20 and a current ratio of 1.24. Tokyo Lifestyle has a fifty-two week low of $1.76 and a fifty-two week high of $4.32.

Tokyo Lifestyle (NASDAQ:TKLF) last released its earnings results on Friday, June 12th. The company reported $0.13 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tokyo Lifestyle in a research note on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Tokyo Lifestyle

A hedge fund recently bought a new stake in Tokyo Lifestyle stock. Susquehanna International Group LLP bought a new position in shares of Tokyo Lifestyle Co., Ltd. (NASDAQ:TKLF) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 77,482 shares of the company’s stock, valued at approximately $298,000. Susquehanna International Group LLP owned 1.83% of Tokyo Lifestyle as of its most recent filing with the Securities and Exchange Commission (SEC).

About Tokyo Lifestyle

Yoshitsu Co, Ltd engages in the retail and wholesale of beauty, health, and other products. It offers beauty products, such as cosmetics comprising of foundation, powder, concealer, makeup remover, eyeliner, eye shadow, brow powder, brow pencil, mascara, lip gloss, lipstick, and nail polish; skin care products consisting of facial cleanser, whitening products, sun block, moisturizer, facial mask, eye mask, eye gel, and exfoliating; and cosmetic applicators, such as brush, puff, curler, hair iron, and shaver products.