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

First Resources Limited (OTCMKTS:FTROF) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 378,564 shares, a growth of 73.4% from the September 15th total of 218,307 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

First Resources Stock Performance

OTCMKTS FTROF remained flat at $3.17 on Friday. 9,100 shares of the company’s stock traded hands, compared to its average volume of 5,300. First Resources has a 12-month low of $3.17 and a 12-month high of $3.55. The business’s 50-day moving average price is $3.36 and its 200-day moving average price is $2.63.

About First Resources

First Resources Ltd. is a Singapore-based palm oil producer with operations focused on Indonesia. The company is involved in the cultivation and harvesting of oil palm, as well as the processing and sale of palm oil products.

Its activities span the palm oil value chain, including plantation management, crude palm oil and palm kernel production, and the operation of palm oil mills. Through downstream processing facilities, the company also produces refined and specialty palm-based products for food, industrial and consumer applications.

First Resources has historically operated plantations and processing assets in several Indonesian provinces, including Riau and parts of Kalimantan.