Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Down 27.7% in October

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 628,100 shares, a decrease of 27.7% from the October 15th total of 869,100 shares. Based on an average trading volume of 200 shares, the days-to-cover ratio is presently 3,140.5 days.

Pacific Basin Shipping Price Performance

PCFBF remained flat at $0.26 on Thursday. Pacific Basin Shipping has a one year low of $0.25 and a one year high of $0.38. The business has a 50 day moving average price of $0.26 and a 200 day moving average price of $0.30.

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.