Pan Pacific International Holdings Co. (OTCMKTS:DQJCF – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 3,879,319 shares, a drop of 54.0% from the June 30th total of 8,436,421 shares. Based on an average daily trading volume, of 2,350 shares, the short-interest ratio is currently 1,650.8 days.
Pan Pacific International Stock Up 0.8%
Shares of DQJCF opened at $5.24 on Wednesday. Pan Pacific International has a 1 year low of $4.55 and a 1 year high of $7.27. The stock has a 50 day simple moving average of $5.19 and a two-hundred day simple moving average of $5.78.
Wall Street Analysts Forecast Growth
Separately, Sanford C. Bernstein started coverage on Pan Pacific International in a research note on Tuesday, May 26th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Pan Pacific International has a consensus rating of “Buy”.
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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