Pan Pacific International Holdings Co. (OTCMKTS:DQJCF) Sees Large Increase in Short Interest

Pan Pacific International Holdings Co. (OTCMKTS:DQJCF) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 6,518,888 shares, a growth of 68.0% from the July 15th total of 3,879,319 shares. Based on an average trading volume of 2,806 shares, the days-to-cover ratio is presently 2,323.2 days.

Pan Pacific International Stock Performance

DQJCF stock remained flat at $6.20 during mid-day trading on Tuesday. The company’s stock had a trading volume of 1,033 shares, compared to its average volume of 14,232. The company has a fifty day simple moving average of $5.31 and a 200 day simple moving average of $5.76. Pan Pacific International has a fifty-two week low of $4.55 and a fifty-two week high of $7.27.

Analysts Set New Price Targets

Separately, Sanford C. Bernstein initiated coverage on Pan Pacific International in a research note on Tuesday, May 26th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About Pan Pacific International

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.