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

First Pacific Co. (OTCMKTS:FPAFY) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 59,305 shares, a decline of 52.4% from the January 15th total of 124,572 shares. Based on an average daily volume of 120,643 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 120,643 shares, the days-to-cover ratio is currently 0.5 days.

First Pacific Price Performance

OTCMKTS:FPAFY traded up $0.12 during trading hours on Friday, hitting $4.34. 85,611 shares of the company were exchanged, compared to its average volume of 69,026. The company has a fifty day simple moving average of $3.97 and a 200 day simple moving average of $4.09. First Pacific has a one year low of $2.65 and a one year high of $4.44. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.81.

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.