Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Sees Significant Growth in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 890,100 shares, an increase of 32.8% from the August 31st total of 670,100 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 287.1 days.

Pacific Basin Shipping Price Performance

Shares of Pacific Basin Shipping stock remained flat at $0.25 on Friday. The firm has a 50-day moving average of $0.29 and a 200 day moving average of $0.31. Pacific Basin Shipping has a one year low of $0.25 and a one year high of $0.38.

About Pacific Basin Shipping

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.