Pan Pacific International (OTCMKTS:DQJCY) Sees Unusually-High Trading Volume – Here’s What Happened

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares saw unusually-strong trading volume on Monday. Approximately 485,097 shares traded hands during trading, an increase of 36% from the average daily volume of 356,283 shares. The stock last traded at $9.3760 and had previously closed at $9.3240.

Pan Pacific International Trading Up 0.8%

The company’s 50 day moving average is $9.30 and its 200-day moving average is $10.98.

Institutional Investors Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC boosted its position in Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,902 shares of the company’s stock after buying an additional 27,240 shares during the quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 at the end of the most recent quarter.

About Pan Pacific International

Pan Pacific International Holdings Corporation is a Japan-based retail company best known for operating the Don Quijote chain of discount stores. Its stores offer a broad assortment of groceries, household goods, consumer electronics, apparel, cosmetics, toys and other general merchandise, often through a high-volume, value-oriented retail format.

The company also operates UNY general merchandise stores and specialty retail formats, including the DON DON DONKI brand focused on Japanese products and food.