First Resources Limited (OTCMKTS:FTROF) Short Interest Update

First Resources Limited (OTCMKTS:FTROF) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 272,719 shares, a growth of 159.4% from the May 14th total of 105,119 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

First Resources Stock Performance

First Resources stock remained flat at $2.26 during mid-day trading on Friday. First Resources has a fifty-two week low of $1.20 and a fifty-two week high of $2.26. The firm has a 50 day simple moving average of $2.22 and a two-hundred day simple moving average of $1.92.

About First Resources

First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products. The company's processed products include biodiesel, palm kernel oil, and palm kernel expeller; refined, bleached, and deodorized (RBD) palm olein; RBD palm olein; palm fatty acid distillate; and RBD stearin.