Short Interest in Pan Pacific International Holdings Co. (OTCMKTS:DQJCF) Drops By 54.0%

Pan Pacific International Holdings Co. (OTCMKTS:DQJCF) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,879,319 shares, a drop of 54.0% from the June 30th total of 8,436,421 shares. Based on an average daily volume of 2,350 shares, the days-to-cover ratio is presently 1,650.8 days.

Pan Pacific International Price Performance

Shares of Pan Pacific International stock traded up $0.04 during trading hours on Tuesday, hitting $5.24. The company’s stock had a trading volume of 300 shares, compared to its average volume of 16,138. The business has a fifty day moving average of $5.20 and a 200 day moving average of $5.79. Pan Pacific International has a 1-year low of $4.55 and a 1-year high of $7.27.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein initiated coverage on Pan Pacific International in a report on Tuesday, May 26th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Pan Pacific International Company Profile

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.