Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Short Interest Update

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) saw a significant increase in short interest in 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 days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 167,258 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Fast Retailing from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Fast Retailing presently has an average rating of “Strong Buy”.

Fast Retailing Stock Performance

OTCMKTS FRCOY traded up $0.42 during trading on Friday, hitting $44.15. The company’s stock had a trading volume of 90,996 shares, compared to its average volume of 72,367. Fast Retailing has a 52 week low of $28.46 and a 52 week high of $45.83. The firm has a 50 day moving average price of $40.10 and a 200 day moving average price of $36.26.

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.