Short Interest in First Pacific Co. (OTCMKTS:FPAFY) Rises By 472.6%

First Pacific Co. (OTCMKTS:FPAFY) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 81,433 shares, an increase of 472.6% from the November 30th total of 14,222 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 121,908 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 121,908 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

First Pacific Trading Down 0.9%

Shares of OTCMKTS FPAFY opened at $3.98 on Thursday. The stock’s fifty day moving average is $4.07 and its 200 day moving average is $4.04. First Pacific has a 52 week low of $2.63 and a 52 week high of $4.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.01 and a current ratio of 1.27.

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.