Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Short Interest Down 84.5% in June

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 150 shares, a decrease of 84.5% from the May 31st total of 970 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,371 shares, the short-interest ratio is currently 0.0 days.

Pacific Basin Shipping Stock Performance

Shares of Pacific Basin Shipping stock opened at $6.71 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 1.32. The firm has a fifty day moving average price of $7.93 and a 200 day moving average price of $7.48. Pacific Basin Shipping has a 1 year low of $4.67 and a 1 year high of $9.12.

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.