Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Short Interest Down 35.3% in August

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 35,666 shares, a decrease of 35.3% from the July 30th total of 55,137 shares. Based on an average daily trading volume, of 161,386 shares, the short-interest ratio is currently 0.2 days.

Fast Retailing Price Performance

Shares of OTCMKTS:FRCOY opened at $45.02 on Tuesday. The firm has a fifty day simple moving average of $49.22 and a two-hundred day simple moving average of $46.57. Fast Retailing has a 52 week low of $29.25 and a 52 week high of $55.65.

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Fast Retailing (OTCMKTS:FRCOY – Get Free Report) last announced its earnings results on Thursday, July 9th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6 billion.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Sanford C. Bernstein started coverage on Fast Retailing in a 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Check Out Our Latest Report on FRCOY

Fast Retailing Company Profile

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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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