Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Large Drop in Short Interest

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 344 shares, a decline of 81.3% from the January 29th total of 1,837 shares. Based on an average daily volume of 13,387 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 13,387 shares, the short-interest ratio is presently 0.0 days.

Pacific Basin Shipping Price Performance

Shares of OTCMKTS:PCFBY traded up $0.38 during midday trading on Wednesday, reaching $9.00. 112 shares of the company were exchanged, compared to its average volume of 3,793. The business’s fifty day moving average is $6.94 and its two-hundred day moving average is $6.57. Pacific Basin Shipping has a one year low of $3.60 and a one year high of $9.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.48 and a quick ratio of 1.18.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong‐based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end‐users around the world.

Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.