Short Interest in MPC Container Ships ASA (OTCMKTS:MPZZF) Expands By 1,196.5%

MPC Container Ships ASA (OTCMKTS:MPZZF) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 73,900 shares, an increase of 1,196.5% from the February 13th total of 5,700 shares. Based on an average daily volume of 20,900 shares, the days-to-cover ratio is currently 3.5 days.

MPC Container Ships ASA Price Performance

Shares of MPC Container Ships ASA stock traded down $0.02 during trading hours on Wednesday, reaching $1.56. 16,900 shares of the company’s stock were exchanged, compared to its average volume of 17,657. The business has a fifty day moving average of $1.67 and a two-hundred day moving average of $1.93. MPC Container Ships ASA has a 1 year low of $1.03 and a 1 year high of $2.41.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on small-to mid-size vessels that are chartered out on time-charter contracts to global and regional liner shipping companies serving intra-regional trade lanes. It operates a fleet of 59 vessels with an aggregate capacity of approximately 126,943 twenty-foot equivalent units.