Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) Sees Significant Increase in Short Interest

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 57,079 shares, a growth of 237.3% from the September 30th total of 16,923 shares. Based on an average daily volume of 676,298 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On Pan Pacific International

An institutional investor recently raised its position in Pan Pacific International stock. Madison Asset Management LLC raised its stake in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,902 shares of the company’s stock after purchasing an additional 27,240 shares during the period. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Pan Pacific International Stock Performance

Shares of OTCMKTS DQJCY traded up $0.09 during trading on Friday, reaching $9.30. 70,059 shares of the company traded hands, compared to its average volume of 357,432. Pan Pacific International has a 52-week low of $8.20 and a 52-week high of $14.76. The firm has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $10.99.

Pan Pacific International Company Profile

Pan Pacific International Holdings Corporation is a Japan-based retail company best known for operating the Don Quijote chain of discount stores. Its stores offer a broad assortment of groceries, household goods, consumer electronics, apparel, cosmetics, toys and other general merchandise, often through a high-volume, value-oriented retail format.

The company also operates UNY general merchandise stores and specialty retail formats, including the DON DON DONKI brand focused on Japanese products and food.