Short Interest in First Resources Limited (OTCMKTS:FTROF) Increases By 159.4%

First Resources Limited (OTCMKTS:FTROF) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 272,719 shares, a growth of 159.4% from the May 14th total of 105,119 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

First Resources Price Performance

FTROF remained flat at $2.26 during trading on Friday. The business has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $1.92. First Resources has a 1-year low of $1.20 and a 1-year high of $2.26.

About First Resources

First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products. The company's processed products include biodiesel, palm kernel oil, and palm kernel expeller; refined, bleached, and deodorized (RBD) palm olein; RBD palm olein; palm fatty acid distillate; and RBD stearin.