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

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 55,137 shares, a decrease of 42.3% from the July 15th total of 95,542 shares. Based on an average trading volume of 341,916 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

FRCOY has been the subject of several research reports. Sanford C. Bernstein initiated coverage on shares of Fast Retailing in a research report on Tuesday, May 26th. They set an “outperform” rating for the company. Zacks Research downgraded Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Fast Retailing Stock Performance

FRCOY traded down $1.46 during trading on Tuesday, reaching $46.62. 36,897 shares of the company’s stock were exchanged, compared to its average volume of 302,133. The company’s fifty day simple moving average is $50.21 and its 200-day simple moving average is $46.19. Fast Retailing has a 1 year low of $29.25 and a 1 year high of $55.65.

Fast Retailing (OTCMKTS:FRCOY) last announced its earnings results on Thursday, July 9th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6 billion.

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.