Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Sees Large Decline in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 104,300 shares, a decrease of 26.7% from the February 13th total of 142,200 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Pacific Basin Shipping Stock Performance

Shares of OTCMKTS PCFBF remained flat at $0.21 during mid-day trading on Tuesday. The firm has a 50-day simple moving average of $0.19 and a 200 day simple moving average of $0.22. Pacific Basin Shipping has a 12-month low of $0.18 and a 12-month high of $0.38.

About Pacific Basin Shipping

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.