First Resources Limited (OTCMKTS:FTROF) Sees Large Decline in Short Interest

First Resources Limited (OTCMKTS:FTROF) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 172,248 shares, a decrease of 80.2% from the June 30th total of 870,191 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 430.6 days.

First Resources Stock Performance

Shares of FTROF opened at $2.26 on Monday. The company’s 50-day moving average price is $2.26 and its 200 day moving average price is $2.05. First Resources has a 12-month low of $1.20 and a 12-month high of $2.26.

First Resources Company Profile

First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products. The company's processed products include biodiesel, palm kernel oil, and palm kernel expeller; refined, bleached, and deodorized (RBD) palm olein; RBD palm olein; palm fatty acid distillate; and RBD stearin.