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

First Pacific Co. (OTCMKTS:FPAFY) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 124,671 shares, an increase of 1,904.0% from the October 15th total of 6,221 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 149,091 shares, the days-to-cover ratio is currently 0.8 days.

First Pacific Price Performance

OTCMKTS:FPAFY traded up $0.04 during midday trading on Tuesday, reaching $3.19. 54,923 shares of the stock traded hands, compared to its average volume of 84,736. First Pacific has a 12-month low of $2.91 and a 12-month high of $4.39. The business has a 50-day moving average of $3.10 and a two-hundred day moving average of $3.47. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 0.82.

First Pacific Company Profile

First Pacific Company Limited is a Hong Kong-based investment and management company focused on businesses in Southeast Asia. Through its portfolio companies, it has interests in consumer food products and agribusiness, telecommunications, and infrastructure. Its major businesses include Indofood, an Indonesian food producer with operations spanning packaged foods and agribusiness; PLDT, a Philippine telecommunications provider; and Metro Pacific Investments, which operates in areas such as infrastructure and healthcare in the Philippines.