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

Key Points

• Short interest plunged 99.1% to just 659 shares as of April 15, leaving the short-interest ratio at 0.0 days and roughly 0.0% of shares reported short.
• Zacks Research upgraded Pan Pacific to a "Hold" on April 8, and the stock's current consensus rating (from one analyst) is Hold.
• Shares recently traded at $11.47, with a market cap of $18.22 billion and an unusually low PE ratio of 0.01; the 52-week range is $9.49–$15.97.

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 659 shares, a drop of 99.1% from the March 31st total of 76,357 shares. Based on an average trading volume of 341,419 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Pan Pacific International Stock Performance

DQJCY traded up $0.03 during trading on Friday, reaching $11.47. The stock had a trading volume of 131,987 shares, compared to its average volume of 319,246. The business has a 50-day moving average of $12.49 and a 200-day moving average of $12.25. Pan Pacific International has a one year low of $9.49 and a one year high of $15.97. The stock has a market cap of $18.22 billion and a PE 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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