First Pacific Company Limited (OTCMKTS:FPAFY) Sees Large Increase in Short Interest

First Pacific Company Limited (OTCMKTS:FPAFY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 38,700 shares, a growth of 214.6% from the May 31st total of 12,300 shares. Based on an average daily trading volume, of 69,100 shares, the short-interest ratio is currently 0.6 days.

First Pacific Stock Performance

OTCMKTS FPAFY traded down $0.04 during trading hours on Friday, reaching $2.31. The company’s stock had a trading volume of 12,824 shares, compared to its average volume of 32,271. The business has a 50-day simple moving average of $2.32 and a 200 day simple moving average of $2.17. First Pacific has a 52 week low of $1.64 and a 52 week high of $2.50.

First Pacific Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, June 20th will be issued a $0.068 dividend. This is an increase from First Pacific’s previous dividend of $0.05. The ex-dividend date of this dividend is Thursday, June 20th.

First Pacific Company Profile

First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. The company offers a range of telecommunications and digital services, including fiber optic backbone, and fixed line and cellular networks.