Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Update

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 176,700 shares, a decrease of 67.0% from the January 15th total of 536,100 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 196.3 days.

Pacific Basin Shipping Price Performance

Shares of PCFBF stock remained flat at $0.18 during trading hours on Wednesday. The company’s 50-day moving average price is $0.20 and its 200 day moving average price is $0.24. Pacific Basin Shipping has a 52-week low of $0.18 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.