First Resources Limited (OTCMKTS:FTROF) Sees Large Growth in Short Interest

First Resources Limited (OTCMKTS:FTROF – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 218,307 shares, an increase of 101.8% from the August 31st total of 108,205 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

First Resources Price Performance

OTCMKTS:FTROF remained flat at $3.55 during mid-day trading on Tuesday. The firm has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $2.48. First Resources has a 12 month low of $1.20 and a 12 month high of $3.55.

About First Resources

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First Resources Limited is an integrated palm oil producer headquartered in Singapore. The company’s operations span the palm oil value chain, including the cultivation and management of oil palm plantations, harvesting of fresh fruit bunches, and processing into crude palm oil and palm kernels.

First Resources operates plantations, palm oil mills, and downstream processing facilities in Indonesia, with a significant presence in the provinces of Riau, East Kalimantan, and West Kalimantan.

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