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

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 2,700 shares, a growth of 285.7% from the December 15th total of 700 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 2.1 days.

Pacific Basin Shipping Stock Performance

Shares of Pacific Basin Shipping stock remained flat at $4.00 during midday trading on Monday. 30 shares of the company were exchanged, compared to its average volume of 1,546. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29. The company’s fifty day moving average is $4.85 and its two-hundred day moving average is $5.35. Pacific Basin Shipping has a fifty-two week low of $3.66 and a fifty-two week high of $7.50.

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.