First Resources Limited (OTCMKTS:FTROF) Sees Large Increase in Short Interest

First Resources Limited (OTCMKTS:FTROF) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 870,191 shares, an increase of 232.6% from the June 15th total of 261,619 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

First Resources Price Performance

Shares of FTROF opened at $2.26 on Monday. First Resources has a 1-year low of $1.20 and a 1-year high of $2.26. The firm’s 50-day moving average price is $2.26 and its 200-day moving average price is $2.02.

First Resources Company Profile

First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products. The company's processed products include biodiesel, palm kernel oil, and palm kernel expeller; refined, bleached, and deodorized (RBD) palm olein; RBD palm olein; palm fatty acid distillate; and RBD stearin.