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

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 2,500 shares, an increase of 38.9% from the June 30th total of 1,800 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is presently 8.3 days.

Pacific Basin Shipping Stock Performance

Shares of OTCMKTS:PCFBY traded down $0.11 during midday trading on Monday, reaching $5.67. The company’s stock had a trading volume of 6,246 shares, compared to its average volume of 4,763. Pacific Basin Shipping has a fifty-two week low of $5.10 and a fifty-two week high of $7.50. The business’s fifty day simple moving average is $6.50 and its 200-day simple moving average is $6.19.

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.