Pacific Financial Co. (OTCMKTS:PFLC) Sees Significant Drop in Short Interest

Pacific Financial Co. (OTCMKTS:PFLC) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 19 shares, a decline of 72.1% from the February 26th total of 68 shares. Based on an average trading volume of 1,205 shares, the days-to-cover ratio is currently 0.0 days.

Pacific Financial Price Performance

Shares of OTCMKTS:PFLC opened at $12.98 on Thursday. Pacific Financial has a 52-week low of $9.70 and a 52-week high of $13.50. The stock has a 50 day moving average price of $13.01 and a 200-day moving average price of $12.32.

Pacific Financial (OTCMKTS:PFLC) last released its earnings results on Friday, January 30th. The company reported $0.31 EPS for the quarter. The firm had revenue of $14.00 million during the quarter.

About Pacific Financial

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services in Washington and Oregon. The company offers personal and business checking, and savings accounts; certificates of deposit, individual retirement accounts, and other investment options; home loans; and auto and recreation loans, credit cards, and home equity line of credit. It also provides business and commercial loans, commercial real estate loans, and SBA guaranteed loans, as well as inventory, equipment, and working capital loans; Visa business cards; and treasury management, merchant, and online and mobile banking services.