The Foschini Group Limited (OTCMKTS:FHNGY) Sees Large Drop in Short Interest

The Foschini Group Limited (OTCMKTS:FHNGY) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 4 shares, a drop of 95.8% from the August 31st total of 96 shares. Based on an average daily trading volume, of 203 shares, the days-to-cover ratio is presently 0.0 days.

The Foschini Group Price Performance

OTCMKTS FHNGY remained flat at $2.95 on Friday. The company’s 50 day simple moving average is $3.25 and its two-hundred day simple moving average is $3.63. The Foschini Group has a fifty-two week low of $2.93 and a fifty-two week high of $6.40.

About The Foschini Group

The Foschini Group Limited, together with its subsidiaries, operates retail stores in South Africa and internationally. The company operates through TFG Africa, TFG London, and TFG Australia segments. It offers clothing, jewellery, cosmetics, cellphones, and accessories. In addition, the company provides sporting and outdoor apparel and equipment. Further, it offers homeware and furniture. The company offers its products under Home, American Swiss, Homelivingspace, Archive, Bash, The Bed Store, Connor, Coricraft, Dial-a-Bed, Exact, Fabiani, The FIX, Foschini, Galaxy & Co, Granny Goose, G-Star RAW, Hi, Hobbs, Jet, Jet Home, Johnny Bigg, Markham, Phase Eight, Relay Jeans, RFO, Rockwear, Sneaker Factory, Sportscene, Sterns, Tarocash, Totalsports, Volpes, Whistles, and YD brand names.