Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 75,000 shares, a decline of 93.7% from the September 30th total of 1,193,681 shares. Based on an average daily volume of 36 shares, the short-interest ratio is presently 2,083.3 days.
Pacific Basin Shipping Stock Performance
Shares of PCFBF remained flat at $0.50 during mid-day trading on Monday. Pacific Basin Shipping has a 1 year low of $0.38 and a 1 year high of $0.53. The firm’s 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.39.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, leases and operates ocean-going vessels. The company focuses primarily on the handysize and supramax/ultramax segments, which are commonly used to transport a broad range of dry bulk commodities and can serve ports with limited infrastructure.
Its vessels carry minor bulk cargoes such as agricultural products, grains, forestry products, steel and other minerals, as well as coal, cement, aggregates and related commodities.
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