Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,458,000 shares, an increase of 435.0% from the June 30th total of 272,538 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 347.1 days.
Pacific Basin Shipping Price Performance
Shares of PCFBF remained flat at $0.39 during mid-day trading on Friday. Pacific Basin Shipping has a 12 month low of $0.38 and a 12 month high of $0.43. The firm has a 50-day moving average of $0.40 and a two-hundred day moving average of $0.34.
About Pacific Basin Shipping
Pacific Basin Shipping Limited (OTCMKTS:PCFBF) is a leading global carrier of dry bulk cargo headquartered in Hong Kong. The company specialises in transporting a diverse range of commodities, including coal, grain, fertilisers and industrial minerals. Leveraging its focus on regional size segments—primarily Handysize and Supramax vessels—Pacific Basin Shipping delivers flexible and cost-effective shipping solutions to industrial and trading companies across major trade lanes.
Founded in 1987 and listed on the Main Board of the Hong Kong Stock Exchange in 1997, Pacific Basin has built a reputation for operational excellence and strong customer service.
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