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

First Pacific Co. (OTCMKTS:FPAFY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 79,640 shares, a growth of 110.0% from the August 31st total of 37,932 shares. Based on an average trading volume of 137,643 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

First Pacific Stock Down 1.1%

FPAFY stock traded down $0.04 during trading on Tuesday, reaching $3.10. 3,888 shares of the stock were exchanged, compared to its average volume of 59,386. First Pacific has a twelve month low of $3.01 and a twelve month high of $4.39. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $3.33 and a 200-day simple moving average of $3.41.

First Pacific Company Profile

First Pacific Company Limited is a Hong Kong-based investment management and holding company with principal interests in telecommunications, infrastructure, food and consumer products, and natural resources. The company invests in and manages businesses primarily in the Philippines and Indonesia, with operations and investments serving broader Asian markets.

Its portfolio has included PLDT Inc, a major Philippine telecommunications provider offering mobile, fixed-line, broadband, and digital services; Indofood Sukses Makmur, an Indonesian food company involved in branded consumer products, agribusiness, distribution, and food processing; and investments associated with infrastructure and mining in the Philippines.