Pan Pacific International (OTCMKTS:DQJCY) Sees Large Volume Increase – Here’s Why

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) saw unusually-high trading volume on Wednesday . 286,474 shares changed hands during mid-day trading, a decline of 5% from the previous session’s volume of 301,405 shares.The stock last traded at $11.47 and had previously closed at $11.92.

Pan Pacific International Stock Down 2.4%

The stock’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $11.54.

Hedge Funds Weigh In On Pan Pacific International

A hedge fund recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC raised its stake in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 215,902 shares of the company’s stock after buying an additional 27,240 shares during the quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 as of its most recent SEC filing.

Pan Pacific International Company Profile

Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores. The company operates discount stores under the Don Quijote, MEGA Don Quijote, and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names. It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production.