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

First Pacific Co. (OTCMKTS:FPAFY) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 124,588 shares, a decrease of 42.3% from the June 15th total of 216,042 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 161,062 shares, the short-interest ratio is currently 0.8 days.

First Pacific Stock Performance

Shares of FPAFY traded up $0.04 on Thursday, reaching $3.37. 25,657 shares of the company’s stock traded hands, compared to its average volume of 59,802. The stock’s 50 day simple moving average is $3.33 and its two-hundred day simple moving average is $3.67. First Pacific has a 52-week low of $3.03 and a 52-week high of $4.44.

First Pacific Company Profile

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.