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

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 149,300 shares, a growth of 43.1% from the February 28th total of 104,300 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 746.5 days.

Pacific Basin Shipping Price Performance

Shares of Pacific Basin Shipping stock remained flat at $0.21 on Friday. The stock’s 50 day moving average price is $0.19 and its two-hundred day moving average price is $0.22. Pacific Basin Shipping has a 12-month low of $0.18 and a 12-month high of $0.38.

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.