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

First Pacific Co. (OTCMKTS:FPAFY) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 124,572 shares, an increase of 56.1% from the December 31st total of 79,789 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 69,405 shares, the days-to-cover ratio is currently 1.8 days. Based on an average daily trading volume, of 69,405 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.0% of the shares of the company are short sold.

First Pacific Stock Performance

Shares of First Pacific stock traded up $0.11 on Friday, hitting $4.06. 38,040 shares of the company were exchanged, compared to its average volume of 47,787. First Pacific has a 1-year low of $2.63 and a 1-year high of $4.44. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average price of $3.96 and a 200 day moving average price of $4.08.

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.