Short Interest in Pan Pacific International Holdings Co. (OTCMKTS:DQJCF) Drops By 54.0%

Pan Pacific International Holdings Co. (OTCMKTS:DQJCF) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 3,879,319 shares, a decline of 54.0% from the June 30th total of 8,436,421 shares. Based on an average daily volume of 2,350 shares, the days-to-cover ratio is currently 1,650.8 days.

Analyst Ratings Changes

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

Pan Pacific International Stock Performance

Shares of DQJCF stock opened at $5.24 on Thursday. Pan Pacific International has a 12 month low of $4.55 and a 12 month high of $7.27. The company’s fifty day moving average price is $5.18 and its two-hundred day moving average price is $5.78.

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.