First Resources Limited (OTCMKTS:FTROF) Stock Short Interest Report for October

First Resources Limited (OTCMKTS:FTROF) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 245,200 shares, a drop of 35.2% from the September 30th total of 378,564 shares. Based on an average trading volume of 273 shares, the short-interest ratio is presently 898.2 days.

First Resources Stock Performance

FTROF opened at $3.17 on Monday. The stock’s 50 day moving average price is $3.43 and its 200 day moving average price is $2.45. First Resources has a 12 month low of $3.17 and a 12 month high of $3.55.

First Resources Company Profile

First Resources Ltd. is a Singapore-based palm oil producer with operations focused on Indonesia. The company is involved in the cultivation and harvesting of oil palm, as well as the processing and sale of palm oil products.

Its activities span the palm oil value chain, including plantation management, crude palm oil and palm kernel production, and the operation of palm oil mills. Through downstream processing facilities, the company also produces refined and specialty palm-based products for food, industrial and consumer applications.

First Resources has historically operated plantations and processing assets in several Indonesian provinces, including Riau and parts of Kalimantan.