Pan Pacific International (OTCMKTS:DQJCY) Sees Large Volume Increase – Still a Buy?

Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) saw strong trading volume on Wednesday . Approximately 885,461 shares traded hands during mid-day trading, an increase of 186% from the previous session’s volume of 310,140 shares.The stock last traded at $9.6150 and had previously closed at $9.55.

Pan Pacific International Trading Up 0.6%

The business’s 50 day moving average price is $10.74 and its 200-day moving average price is $11.38.

Hedge Funds Weigh In On Pan Pacific International

An institutional investor recently raised its stake in Pan Pacific International stock. Madison Asset Management LLC lifted its holdings in shares of Pan Pacific International Holdings Co. (OTCMKTS:DQJCY) by 14.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,902 shares of the company’s stock after buying an additional 27,240 shares during the period. Madison Asset Management LLC’s holdings in Pan Pacific International were worth $2,191,000 at the end of the most recent reporting period.

Pan Pacific International Company Profile

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.