Yoshitsu Co., Ltd (NASDAQ:TKLF) Sees Large Decrease in Short Interest

Yoshitsu Co., Ltd (NASDAQ:TKLF) saw a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 85,800 shares, a drop of 90.3% from the October 31st total of 883,400 shares. Based on an average daily volume of 76,800 shares, the days-to-cover ratio is presently 1.1 days. Currently, 2.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Yoshitsu

A hedge fund recently bought a new stake in Yoshitsu stock. Garden State Investment Advisory Services LLC bought a new stake in shares of Yoshitsu Co., Ltd (NASDAQ:TKLF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 761,750 shares of the company’s stock, valued at approximately $445,000. Garden State Investment Advisory Services LLC owned approximately 1.80% of Yoshitsu at the end of the most recent quarter.

Yoshitsu Stock Up 7.9 %

NASDAQ:TKLF traded up $0.27 during trading hours on Wednesday, reaching $3.70. The company’s stock had a trading volume of 11,139 shares, compared to its average volume of 265,629. The firm has a 50-day simple moving average of $4.76 and a 200-day simple moving average of $4.44. Yoshitsu has a 1 year low of $2.00 and a 1 year high of $10.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.31 and a quick ratio of 1.26.

About Yoshitsu

Yoshitsu Co, Ltd engages in the retail and wholesale of beauty, health, and other products. It offers beauty products, such as cosmetics comprising of foundation, powder, concealer, makeup remover, eyeliner, eye shadow, brow powder, brow pencil, mascara, lip gloss, lipstick, and nail polish; skin care products consisting of facial cleanser, whitening products, sun block, moisturizer, facial mask, eye mask, eye gel, and exfoliating; and cosmetic applicators, such as brush, puff, curler, hair iron, and shaver products.