The Foschini Group Limited (OTCMKTS:FHNGY) Sees Significant Growth in Short Interest

The Foschini Group Limited (OTCMKTS:FHNGY) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 96 shares, a growth of 1,820.0% from the August 15th total of 5 shares. Based on an average trading volume of 48 shares, the days-to-cover ratio is presently 2.0 days.

The Foschini Group Price Performance

Shares of OTCMKTS FHNGY remained flat at $3.24 during trading on Thursday. 141 shares of the stock traded hands, compared to its average volume of 342. The Foschini Group has a 12-month low of $2.93 and a 12-month high of $6.40. The company’s 50 day moving average price is $3.44 and its two-hundred day moving average price is $3.76.

The Foschini Group Company Profile

The Foschini Group Limited, together with its subsidiaries, operates retail stores in South Africa and internationally. The company operates through TFG Africa, TFG London, and TFG Australia segments. It offers clothing, jewellery, cosmetics, cellphones, and accessories. In addition, the company provides sporting and outdoor apparel and equipment. Further, it offers homeware and furniture. The company offers its products under Home, American Swiss, Homelivingspace, Archive, Bash, The Bed Store, Connor, Coricraft, Dial-a-Bed, Exact, Fabiani, The FIX, Foschini, Galaxy & Co, Granny Goose, G-Star RAW, Hi, Hobbs, Jet, Jet Home, Johnny Bigg, Markham, Phase Eight, Relay Jeans, RFO, Rockwear, Sneaker Factory, Sportscene, Sterns, Tarocash, Totalsports, Volpes, Whistles, and YD brand names.