First Pacific Co. (OTCMKTS:FPAFY) Short Interest Update

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

First Pacific Stock Performance

OTCMKTS:FPAFY opened at $3.36 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.18 and a current ratio of 1.44. The stock’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $3.57. First Pacific has a 12-month low of $3.03 and a 12-month 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.