Short Interest in Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Decreases By 93.3%

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 118 shares, a decline of 93.3% from the November 30th total of 1,755 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 34,993 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 34,993 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Pacific Basin Shipping Stock Performance

PCFBY opened at $5.97 on Thursday. The company has a fifty day moving average price of $6.83 and a two-hundred day moving average price of $6.01. Pacific Basin Shipping has a 52 week low of $3.39 and a 52 week high of $6.99. The company has a quick ratio of 1.18, a current ratio of 1.48 and a debt-to-equity ratio of 0.06.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong?based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end?users around the world.

Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.