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

The Foschini Group Limited (OTCMKTS:FHNGY – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 4 shares, a drop of 95.8% from the August 31st total of 96 shares. Based on an average trading volume of 203 shares, the days-to-cover ratio is currently 0.0 days.

The Foschini Group Stock Performance

Shares of FHNGY stock remained flat at $2.95 during trading hours on Friday. 81 shares of the company were exchanged, compared to its average volume of 407. The Foschini Group has a 52-week low of $2.93 and a 52-week high of $6.40. The stock’s 50-day moving average is $3.23 and its 200-day moving average is $3.63.

About The Foschini Group

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The Foschini Group Limited (OTCMKTS:FHNGY), commonly known as TFG, is a South African retail group that operates a diverse portfolio of lifestyle, fashion, beauty, jewelry, sportswear, and homeware brands. Its retail concepts serve a broad range of customers and include clothing, footwear, accessories, cosmetics, furniture, and household products.

TFG’s brand portfolio includes Foschini, Markham, Sportscene, Totalsports, Exact, Jet, @home, Fabiani, Sterns, American Swiss, and other specialized retail formats.

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