First Pacific Co. (OTCMKTS:FPAFY) Sees Significant Increase in Short Interest

Key Points

• First Pacific Co. experienced a **402.2% increase** in short interest during July, rising from 8,900 shares to 44,700 shares.
• The company has recently **increased its dividend** to $0.0731 per share, up from $0.07, representing a **dividend yield of 375.0%**.
• As of the latest data, First Pacific's shares traded at **$4.16**, close to its **1-year high of $4.19** and significantly above its **1-year low of $2.02**.

First Pacific Co. (OTCMKTS:FPAFY - ) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 44,700 shares, agrowthof402.2% from the June 30th total of 8,900 shares. Based on an average daily trading volume, of 70,200 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 70,200 shares, the short-interest ratio is currently 0.6 days.

First Pacific Price Performance

Shares of OTCMKTS FPAFY opened at $4.16 on Friday. First Pacific has a 1-year low of $2.02 and a 1-year high of $4.19. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.84. The business's fifty day moving average price is $3.73 and its two-hundred day moving average price is $3.30.

First Pacific Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 10th. Stockholders of record on Tuesday, June 24th were paid a $0.0731 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This is a positive change from First Pacific's previous dividend of $0.07. This represents a dividend yield of 375.0%.

First Pacific Company Profile

First Pacific Company Limited, an investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally. The company offers a range of telecommunications and digital services, including fiber optic backbone, and fixed line and cellular networks.

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