First Resources Limited (OTCMKTS:FTROF) Sees Significant Growth in Short Interest

First Resources Limited (OTCMKTS:FTROF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 218,307 shares, an increase of 101.8% from the August 31st total of 108,205 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

First Resources Stock Performance

Shares of FTROF stock remained flat at $3.55 on Monday. The stock has a 50-day moving average of $3.03 and a 200 day moving average of $2.47. First Resources has a 12-month low of $1.20 and a 12-month high of $3.55.

About First Resources

First Resources Limited is an integrated palm oil producer headquartered in Singapore. The company’s operations span the palm oil value chain, including the cultivation and management of oil palm plantations, harvesting of fresh fruit bunches, and processing into crude palm oil and palm kernels.

First Resources operates plantations, palm oil mills, and downstream processing facilities in Indonesia, with a significant presence in the provinces of Riau, East Kalimantan, and West Kalimantan.