Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 75,000 shares, a drop of 93.7% from the September 30th total of 1,193,681 shares. Based on an average trading volume of 36 shares, the short-interest ratio is currently 2,083.3 days.
Pacific Basin Shipping Price Performance
Shares of OTCMKTS:PCFBF remained flat at $0.50 during midday trading on Wednesday. Pacific Basin Shipping has a twelve month low of $0.38 and a twelve month high of $0.53. The firm’s 50 day moving average is $0.50 and its 200 day moving average is $0.39.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, leases and operates ocean-going vessels. The company focuses primarily on the handysize and supramax/ultramax segments, which are commonly used to transport a broad range of dry bulk commodities and can serve ports with limited infrastructure.
Its vessels carry minor bulk cargoes such as agricultural products, grains, forestry products, steel and other minerals, as well as coal, cement, aggregates and related commodities.
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