Short Interest in Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Expands By 290.1%

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 160,045 shares, an increase of 290.1% from the April 15th total of 41,028 shares. Based on an average daily volume of 1,086,780 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

FRCOY has been the subject of several analyst reports. Zacks Research raised shares of Fast Retailing from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Nomura raised shares of Fast Retailing to a “hold” rating in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Fast Retailing currently has a consensus rating of “Buy”.

Fast Retailing Stock Performance

FRCOY traded down $0.88 during trading on Thursday, hitting $45.39. The stock had a trading volume of 128,762 shares, compared to its average volume of 394,767. Fast Retailing has a 12 month low of $29.25 and a 12 month high of $49.74. The company has a 50 day simple moving average of $43.16 and a 200-day simple moving average of $40.10.

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.