First Resources Limited (OTCMKTS:FTROF) Short Interest Down 80.2% in July

First Resources Limited (OTCMKTS:FTROF – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 172,248 shares, a decrease of 80.2% from the June 30th total of 870,191 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 430.6 days.

First Resources Stock Performance

Shares of FTROF opened at $2.26 on Friday. The company’s fifty day simple moving average is $2.26 and its 200 day simple moving average is $2.05. First Resources has a 1-year low of $1.20 and a 1-year high of $2.26.

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About First Resources

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First Resources Limited, an investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, and internationally. The company operates in two segments, Plantations and Palm Oil Mills, and Refinery and Processing. It is involved in cultivation and maintenance of oil palm plantations; harvesting and milling fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products; and processing CPO and PK into value palm based products. The company's processed products include biodiesel, palm kernel oil, and palm kernel expeller; refined, bleached, and deodorized (RBD) palm olein; RBD palm olein; palm fatty acid distillate; and RBD stearin.

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