Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Stock Short Interest Falls 72.4%

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 73,200 shares, a decrease of 72.4% from the August 31st total of 265,200 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ? days.

Pacific Basin Shipping Price Performance

PCFBF stock opened at $0.53 on Friday. The stock has a 50-day moving average price of $0.46 and a 200-day moving average price of $0.40. Pacific Basin Shipping has a 1-year low of $0.38 and a 1-year high of $0.53.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. The company owns and operates a fleet primarily comprising Handysize and Supramax vessels, which transport dry bulk cargoes across global trade routes.

Its vessels carry a broad range of minor bulk commodities, including agricultural products, grains, forest products, minerals, metals, steel products, cement and coal. Pacific Basin provides ocean transportation services to commodity producers, traders and industrial customers, coordinating vessel operations, cargo scheduling and related commercial activities.

The company serves customers worldwide through an international network of offices and operates in major dry bulk markets across the Pacific, Atlantic and other global regions.