First Resources Limited (OTCMKTS:FTROF) Short Interest Update

First Resources Limited (OTCMKTS:FTROF) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 172,248 shares, a drop of 80.2% from the June 30th total of 870,191 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 430.6 days.

First Resources Price Performance

Shares of OTCMKTS:FTROF remained flat at $2.26 during midday trading on Friday. The business has a 50-day simple moving average of $2.26 and a two-hundred day simple moving average of $2.05. First Resources has a 1 year low of $1.20 and a 1 year high of $2.26.

About First Resources

First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products. The company's processed products include biodiesel, palm kernel oil, and palm kernel expeller; refined, bleached, and deodorized (RBD) palm olein; RBD palm olein; palm fatty acid distillate; and RBD stearin.