Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Short Interest Down 37.8% in May

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 99,499 shares, a decrease of 37.8% from the April 30th total of 160,045 shares. Based on an average trading volume of 3,236,423 shares, the short-interest ratio is currently 0.0 days.

Fast Retailing Trading Down 0.1%

Shares of FRCOY opened at $50.53 on Wednesday. The business’s fifty day moving average price is $44.99 and its two-hundred day moving average price is $41.09. Fast Retailing has a 52 week low of $29.25 and a 52 week high of $52.07.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FRCOY shares. Zacks Research upgraded Fast Retailing from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Sanford C. Bernstein started coverage on Fast Retailing in a research report on Tuesday, May 26th. They set an “outperform” rating on the stock. Finally, Nomura upgraded Fast Retailing to a “hold” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Fast Retailing presently has an average rating of “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.