Pacific Financial Co. (OTCMKTS:PFLC) Sees Significant Decline in Short Interest

Pacific Financial Co. (OTCMKTS:PFLC) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 1,045 shares, a decline of 61.2% from the June 15th total of 2,693 shares. Based on an average daily volume of 26,896 shares, the short-interest ratio is presently 0.0 days.

Pacific Financial Stock Up 0.7%

PFLC traded up $0.13 on Tuesday, reaching $17.78. 49,722 shares of the company’s stock were exchanged, compared to its average volume of 35,791. Pacific Financial has a twelve month low of $10.76 and a twelve month high of $17.82. The company’s 50 day moving average is $16.97 and its 200-day moving average is $14.37.

Pacific Financial (OTCMKTS:PFLC) last announced its quarterly earnings results on Friday, April 24th. The company reported $0.30 earnings per share for the quarter. The business had revenue of $13.29 million for the quarter.

Pacific Financial Company Profile

Pacific Financial Corporation operates as the bank holding company for Bank of the Pacific that provides various banking products and services in Washington and Oregon. The company offers personal and business checking, and savings accounts; certificates of deposit, individual retirement accounts, and other investment options; home loans; and auto and recreation loans, credit cards, and home equity line of credit. It also provides business and commercial loans, commercial real estate loans, and SBA guaranteed loans, as well as inventory, equipment, and working capital loans; Visa business cards; and treasury management, merchant, and online and mobile banking services.