First Pacific Co. (OTCMKTS:FPAFY) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

First Pacific Co. (OTCMKTS:FPAFY – Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 182,645 shares, a decline of 46.7% from the April 30th total of 342,355 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 129,356 shares, the short-interest ratio is presently 1.4 days.

First Pacific Stock Performance

FPAFY remained flat at $3.31 on Tuesday. The company’s stock had a trading volume of 63,541 shares, compared to its average volume of 55,301. The firm’s fifty day moving average is $3.58 and its 200-day moving average is $3.86. First Pacific has a 12 month low of $3.28 and a 12 month high of $4.44.

First Pacific Company Profile

(Get Free Report)

First Pacific Company Limited is a Hong Kong-based investment management and holding company with a focus on Asia. Since its establishment in 1981, First Pacific has built a diversified portfolio of investments in consumer food products, infrastructure, natural resources and telecommunications. The firm’s strategy centres on acquiring substantial minority interests in companies with strong regional positions and working collaboratively to drive sustainable growth and shareholder value.

In the consumer products sector, First Pacific’s principal holding is in Indofood, one of Indonesia’s largest vertically integrated food companies, known for branded noodles, flour, cooking oils and dairy products.

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