Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) Sees Large Increase in Short Interest

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 29,162 shares, an increase of 534.9% from the May 14th total of 4,593 shares. Based on an average daily volume of 521,776 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Pan Pacific International Price Performance

DQJCY stock opened at $10.41 on Wednesday. The business has a 50 day simple moving average of $11.30 and a 200-day simple moving average of $11.92. The firm has a market capitalization of $16.54 billion and a PE ratio of 0.01. Pan Pacific International has a 1 year low of $9.49 and a 1 year high of $15.97.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Pan Pacific International to a “hold” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Pan Pacific International currently has a consensus rating of “Hold”.

About Pan Pacific International

Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores. The company operates discount stores under the Don Quijote, MEGA Don Quijote, and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names. It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production.