Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Grows By 32.8%

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 890,100 shares, an increase of 32.8% from the August 31st total of 670,100 shares. Based on an average daily volume of 3,100 shares, the days-to-cover ratio is presently 287.1 days.

Pacific Basin Shipping Stock Performance

PCFBF stock remained flat at $0.25 on Friday. The business’s 50 day moving average price is $0.29 and its 200 day moving average price is $0.31. Pacific Basin Shipping has a 52 week low of $0.25 and a 52 week high of $0.38.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.