First Pacific Co. (OTCMKTS:FPAFY) Sees Large Drop in Short Interest

First Pacific Co. (OTCMKTS:FPAFY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 31,040 shares, a decrease of 81.0% from the July 30th total of 163,617 shares. Based on an average daily trading volume, of 63,907 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are short sold.

First Pacific Stock Up 0.6%

First Pacific stock opened at $3.33 on Friday. The business’s 50-day moving average price is $3.34 and its 200 day moving average price is $3.56. The company has a quick ratio of 1.18, a current ratio of 1.44 and a debt-to-equity ratio of 0.80. First Pacific has a 52 week low of $3.03 and a 52 week high of $4.44.

About First Pacific

First Pacific Company Limited is a Hong Kong-based investment management and holding company with a focus on Asia. Since its establishment in 1981, First Pacific has built a diversified portfolio of investments in consumer food products, infrastructure, natural resources and telecommunications. The firm’s strategy centres on acquiring substantial minority interests in companies with strong regional positions and working collaboratively to drive sustainable growth and shareholder value.

In the consumer products sector, First Pacific’s principal holding is in Indofood, one of Indonesia’s largest vertically integrated food companies, known for branded noodles, flour, cooking oils and dairy products.