Short Interest in Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Drops By 16.3%

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 41,931 shares, a decrease of 16.3% from the March 15th total of 50,094 shares. Based on an average trading volume of 141,110 shares, the short-interest ratio is currently 0.3 days.

Fast Retailing Stock Performance

OTCMKTS:FRCOY opened at $46.86 on Friday. The company has a fifty day moving average of $42.31 and a two-hundred day moving average of $38.42. Fast Retailing has a fifty-two week low of $29.25 and a fifty-two week high of $48.55.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FRCOY. Nomura upgraded shares of Fast Retailing to a “hold” rating in a research report on Tuesday, March 3rd. Zacks Research cut shares of Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus 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.