First Pacific Co. (OTCMKTS:FPAFY) Stock Short Interest Drops 71.8%

First Pacific Co. (OTCMKTS:FPAFY) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 6,221 shares, a decline of 71.8% from the September 30th total of 22,039 shares. Based on an average daily trading volume, of 109,238 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

First Pacific Trading Up 1.7%

Shares of First Pacific stock traded up $0.05 during trading hours on Thursday, hitting $2.97. The company’s stock had a trading volume of 8,137 shares, compared to its average volume of 62,096. The stock has a 50 day moving average of $3.14 and a 200 day moving average of $3.50. First Pacific has a 12 month low of $2.91 and a 12 month high of $4.39. The company has a quick ratio of 1.27, a current ratio of 1.55 and a debt-to-equity ratio of 0.82.

First Pacific Company Profile

First Pacific Company Limited is a Hong Kong-based investment management and holding company with principal interests in the Philippines and Indonesia. The company focuses on long-term investments in businesses serving consumer, communications, infrastructure and natural-resources markets.

Through its portfolio companies, First Pacific has exposure to branded food products and agribusiness through Indofood Sukses Makmur in Indonesia; telecommunications through PLDT in the Philippines; and infrastructure and utility-related businesses through investments associated with Metro Pacific.