Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Sees Large Growth in Short Interest

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 107,228 shares, an increase of 44.7% from the January 29th total of 74,128 shares. Based on an average daily volume of 167,258 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 167,258 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Fast Retailing from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Fast Retailing currently has a consensus rating of “Strong Buy”.

Fast Retailing Trading Down 2.4%

Shares of Fast Retailing stock traded down $1.03 during trading on Tuesday, reaching $41.69. The company’s stock had a trading volume of 53,512 shares, compared to its average volume of 71,513. Fast Retailing has a one year low of $28.46 and a one year high of $45.83. The business’s fifty day moving average price is $40.23 and its 200-day moving average price is $36.35.

Fast Retailing Company Profile

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.