Short Interest in First Pacific Co. (OTCMKTS:FPAFY) Grows By 153.2%

First Pacific Co. (OTCMKTS:FPAFY) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 342,355 shares, a growth of 153.2% from the April 15th total of 135,216 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 149,031 shares, the days-to-cover ratio is presently 2.3 days.

First Pacific Trading Up 0.6%

FPAFY stock traded up $0.02 during trading on Friday, hitting $3.59. 58,837 shares of the company traded hands, compared to its average volume of 73,648. First Pacific has a 1 year low of $3.32 and a 1 year high of $4.44. The company has a 50-day moving average of $3.66 and a 200-day moving average of $3.91.

First Pacific Company Profile

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.