Short Interest in Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Declines By 54.3%

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 50,094 shares, a decrease of 54.3% from the February 26th total of 109,499 shares. Based on an average daily volume of 153,587 shares, the days-to-cover ratio is currently 0.3 days.

Fast Retailing Stock Down 1.8%

OTCMKTS FRCOY traded down $0.68 during trading on Friday, reaching $37.56. 73,893 shares of the stock traded hands, compared to its average volume of 72,920. Fast Retailing has a fifty-two week low of $28.46 and a fifty-two week high of $45.83. The stock’s 50-day moving average price is $41.13 and its 200 day moving average price is $37.31.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FRCOY. Nomura raised Fast Retailing to a “hold” rating in a research note on Tuesday, March 3rd. Zacks Research lowered Fast Retailing from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Fast Retailing presently has an average rating of “Hold”.

About Fast Retailing

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.