First Pacific Co. (OTCMKTS:FPAFY) Sees Significant Decrease in Short Interest

First Pacific Co. (OTCMKTS:FPAFY) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 103,654 shares, a decrease of 17.2% from the March 15th total of 125,212 shares. Based on an average daily trading volume, of 122,623 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are short sold.

First Pacific Stock Performance

OTCMKTS FPAFY opened at $3.65 on Friday. The business’s 50-day moving average price is $3.85 and its 200 day moving average price is $3.97. First Pacific has a twelve month low of $3.00 and a twelve month high of $4.44.

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.