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

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

Analyst Upgrades and Downgrades

FRCOY has been the topic of several recent research reports. Zacks Research upgraded Fast Retailing from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Nomura upgraded Fast Retailing to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Sanford C. Bernstein initiated coverage on Fast Retailing in a research report on Tuesday, May 26th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Read Our Latest Stock Analysis on Fast Retailing

Fast Retailing Stock Down 0.1%

Shares of Fast Retailing stock opened at $50.53 on Wednesday. Fast Retailing has a 12 month low of $29.25 and a 12 month high of $52.07. The stock’s fifty day simple moving average is $44.99 and its 200 day simple moving average is $41.09.

Fast Retailing Company Profile

(Get Free Report)

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.

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