Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) Sees Large Growth in Short Interest

Key Points

• Short interest rose 27.2% in March to 76,357 shares as of March 31, but still represents about 0.0% of shares sold short and only a 0.1-day short-interest ratio given average daily volume of 575,516 shares.
• Zacks Research moved Pan Pacific to a Hold rating on April 8, and the stock's average analyst rating on MarketBeat is Hold.
• Shares opened at $12.07, trade in a 52-week range of $9.49–$15.97, and the company has a market cap of $19.17 billion with a reported P/E of 0.01.

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 76,357 shares, an increase of 27.2% from the March 15th total of 60,010 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 575,516 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Pan Pacific International to a "hold" rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

Pan Pacific International Stock Down 0.5%

Shares of OTCMKTS DQJCY opened at $12.07 on Thursday. Pan Pacific International has a 52 week low of $9.49 and a 52 week high of $15.97. The firm's fifty day moving average is $12.60 and its 200 day moving average is $12.71. The company has a market cap of $19.17 billion and a price-to-earnings ratio of 0.01.

About Pan Pacific International

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.

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