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

First Pacific Co. (OTCMKTS:FPAFY) was the recipient of a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 149,091 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

First Pacific Stock Performance

Shares of FPAFY traded up $0.04 during trading hours on Tuesday, reaching $3.19. 54,923 shares of the company 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 company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 0.82. The stock’s fifty day moving average price is $3.10 and its 200 day moving average price is $3.47.

About First Pacific

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.