Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Short Interest Up 46.8% in January

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 80,011 shares, a growth of 46.8% from the December 31st total of 54,503 shares. Based on an average daily trading volume, of 135,399 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 135,399 shares, the short-interest ratio is presently 0.6 days.

Fast Retailing Stock Up 0.6%

OTCMKTS FRCOY opened at $38.10 on Friday. Fast Retailing has a 1-year low of $28.46 and a 1-year high of $42.64. The stock’s 50 day moving average is $37.31 and its two-hundred day moving average is $34.56.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Fast Retailing from a “strong sell” rating to a “hold” rating in a report on Friday, January 16th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.