Short Interest in Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) Expands By 290.1%

Fast Retailing Co., Ltd. (OTCMKTS:FRCOY) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 160,045 shares, a growth of 290.1% from the April 15th total of 41,028 shares. Based on an average daily volume of 1,086,780 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Nomura raised shares of Fast Retailing to a “hold” rating in a report on Tuesday, March 3rd. Zacks Research raised shares of Fast Retailing from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Fast Retailing Stock Up 0.1%

FRCOY stock traded up $0.04 during midday trading on Friday, reaching $45.44. 36,472 shares of the company’s stock traded hands, compared to its average volume of 390,797. Fast Retailing has a 52-week low of $29.25 and a 52-week high of $49.74. The stock’s 50-day moving average is $43.23 and its 200 day moving average is $40.16.

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.