Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Sees Large Decline in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 466,100 shares, a decrease of 33.7% from the November 30th total of 703,200 shares. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is currently 74.0 days.

Pacific Basin Shipping Price Performance

PCFBF stock remained flat at $0.21 during mid-day trading on Monday. Pacific Basin Shipping has a 12 month low of $0.21 and a 12 month high of $0.38. The company’s fifty day simple moving average is $0.24 and its 200 day simple moving average is $0.27.

Pacific Basin Shipping Company Profile

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.