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

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) shares saw strong trading volume on Thursday . 428,251 shares changed hands during mid-day trading, an increase of 45% from the previous session’s volume of 296,203 shares.The stock last traded at $10.00 and had previously closed at $10.26.

Pan Pacific International Trading Down 2.6%

The company’s fifty day simple moving average is $10.76 and its two-hundred day simple moving average is $11.45.

Institutional Investors Weigh In On Pan Pacific International

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

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.