MPC Container Ships ASA (OTCMKTS:MPZZF) Sees Significant Increase in Short Interest

MPC Container Ships ASA (OTCMKTS:MPZZF) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 283,800 shares, an increase of 697.2% from the November 30th total of 35,600 shares. Based on an average daily trading volume, of 120,000 shares, the days-to-cover ratio is currently 2.4 days.

MPC Container Ships ASA Stock Down 1.9 %

Shares of MPZZF stock traded down $0.04 during trading hours on Thursday, reaching $1.81. 11,962 shares of the stock traded hands, compared to its average volume of 46,300. MPC Container Ships ASA has a 1-year low of $1.03 and a 1-year high of $2.41. The business has a fifty day moving average price of $2.03 and a 200 day moving average price of $2.07.

About MPC Container Ships ASA

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.