Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) Sees Significant Drop in Short Interest

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 62,666 shares, a decline of 46.7% from the July 30th total of 117,575 shares. Based on an average trading volume of 249,181 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Pan Pacific International

A hedge fund recently raised its position in Pan Pacific International stock. Madison Asset Management LLC grew its stake in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,902 shares of the company’s stock after purchasing an additional 27,240 shares during the quarter. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 as of its most recent SEC filing.

Pan Pacific International Stock Performance

Shares of DQJCY stock traded up $0.02 on Friday, hitting $10.00. 914,321 shares of the stock traded hands, compared to its average volume of 209,388. The company’s fifty day moving average is $10.75 and its 200 day moving average is $11.43. Pan Pacific International has a 1-year low of $9.38 and a 1-year high of $15.16.

Pan Pacific International Company Profile

Pan Pacific International Holdings Corporation, together with its subsidiaries, operates retail stores. The company operates discount stores under the Don Quijote, MEGA Don Quijote, and MEGA Don Quijote UNY, and Nagasakiya names; and general merchandise stores under the Apita and Piago names. It is also involved in leasing space management; tenant leasing; real estate development; general wholesale; provision of logistic services and internet services; and development and procurement of products and control of production.