First Pacific Co. (OTCMKTS:FPAFY) Sees Large Decline in Short Interest

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

First Pacific Stock Up 0.6%

Shares of OTCMKTS:FPAFY opened at $3.39 on Friday. The company has a 50 day moving average of $3.31 and a 200 day moving average of $3.67. First Pacific has a 12 month low of $3.03 and a 12 month high of $4.44.

About First Pacific

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.