Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY – 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 279 shares, an increase of 93.8% from the June 30th total of 144 shares. Based on an average daily volume of 179 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.0% of the shares of the company are sold short.
Pacific Basin Shipping Stock Performance
Shares of Pacific Basin Shipping stock opened at $8.85 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $7.70 and a two-hundred day moving average price of $7.75. Pacific Basin Shipping has a 12-month low of $4.91 and a 12-month high of $9.12.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong‐based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end‐users around the world.
Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.
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