First Pacific Co. (OTCMKTS:FPAFY) Shares Shorted: Short Interest Down 71.8% in October

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

First Pacific Trading Up 0.7%

Shares of FPAFY stock traded up $0.02 during trading hours on Wednesday, reaching $2.96. The company’s stock had a trading volume of 1,464 shares, compared to its average volume of 62,174. The firm’s 50 day simple moving average is $3.15 and its 200-day simple moving average is $3.51. First Pacific has a fifty-two week low of $2.91 and a fifty-two week high of $4.39.

About First Pacific

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.