Short Interest in Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Increases By 44.7%

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

Fast Retailing Price Performance

Shares of Fast Retailing stock traded up $0.42 during trading on Friday, hitting $44.15. 90,996 shares of the company’s stock traded hands, compared to its average volume of 72,367. The firm’s fifty day moving average price is $40.10 and its 200 day moving average price is $36.26. Fast Retailing has a twelve month low of $28.46 and a twelve month high of $45.83.

Wall Street Analyst Weigh In

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

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.