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

First Pacific Co. (OTCMKTS:FPAFY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,221 shares, a decrease of 71.8% from the September 30th total of 22,039 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 109,238 shares, the days-to-cover ratio is currently 0.1 days.

First Pacific Stock Performance

Shares of OTCMKTS:FPAFY traded up $0.02 during midday trading on Wednesday, reaching $2.96. 1,464 shares of the company traded hands, compared to its average volume of 62,174. First Pacific has a 12 month low of $2.91 and a 12 month high of $4.39. The firm’s fifty day moving average price is $3.15 and its two-hundred day moving average price is $3.51.

First Pacific Company Profile

First Pacific Company Limited is a Hong Kong-based investment management and holding company with principal interests in the Philippines and Indonesia. The company focuses on long-term investments in businesses serving consumer, communications, infrastructure and natural-resources markets.

Through its portfolio companies, First Pacific has exposure to branded food products and agribusiness through Indofood Sukses Makmur in Indonesia; telecommunications through PLDT in the Philippines; and infrastructure and utility-related businesses through investments associated with Metro Pacific.