Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 265,200 shares, an increase of 582.0% from the August 15th total of 38,887 shares. Based on an average daily volume of 297 shares, the short-interest ratio is currently 892.9 days.
Pacific Basin Shipping Stock Performance
OTCMKTS:PCFBF opened at $0.50 on Friday. The firm’s 50-day moving average is $0.44 and its 200-day moving average is $0.38. Pacific Basin Shipping has a 52-week low of $0.38 and a 52-week high of $0.50.
Pacific Basin Shipping Company Profile
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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