Pacific Financial Co. (OTCMKTS:PFLC) Sees Large Drop in Short Interest

Pacific Financial Co. (OTCMKTS:PFLC) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 19 shares, a drop of 72.1% from the February 26th total of 68 shares. Based on an average daily trading volume, of 1,205 shares, the days-to-cover ratio is presently 0.0 days.

Pacific Financial Price Performance

Shares of PFLC stock opened at $12.98 on Friday. Pacific Financial has a 12 month low of $9.70 and a 12 month high of $13.50. The company has a 50 day simple moving average of $13.02 and a two-hundred day simple moving average of $12.32.

Pacific Financial (OTCMKTS:PFLC) last released its quarterly earnings results on Friday, January 30th. The company reported $0.31 earnings per share for the quarter. The business had revenue of $14.00 million during the quarter.

About Pacific Financial

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services in Washington and Oregon. The company offers personal and business checking, and savings accounts; certificates of deposit, individual retirement accounts, and other investment options; home loans; and auto and recreation loans, credit cards, and home equity line of credit. It also provides business and commercial loans, commercial real estate loans, and SBA guaranteed loans, as well as inventory, equipment, and working capital loans; Visa business cards; and treasury management, merchant, and online and mobile banking services.