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

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 99,499 shares, a decline of 37.8% from the April 30th total of 160,045 shares. Based on an average daily volume of 3,236,423 shares, the days-to-cover ratio is presently 0.0 days.

Fast Retailing Trading Up 1.2%

Shares of FRCOY opened at $49.65 on Friday. Fast Retailing has a one year low of $29.25 and a one year high of $52.07. The stock has a 50 day moving average price of $45.62 and a 200 day moving average price of $41.37.

Analyst Upgrades and Downgrades

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