First Pacific Co. (OTCMKTS:FPAFY) Short Interest Down 42.3% in June

First Pacific Co. (OTCMKTS:FPAFY) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 124,588 shares, a drop of 42.3% from the June 15th total of 216,042 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 161,062 shares, the days-to-cover ratio is presently 0.8 days.

First Pacific Stock Up 0.6%

FPAFY traded up $0.02 during trading on Friday, hitting $3.39. 49,202 shares of the stock traded hands, compared to its average volume of 59,765. The business has a 50 day moving average price of $3.32 and a 200 day moving average price of $3.67. First Pacific has a twelve month low of $3.03 and a twelve month high of $4.44.

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.