Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Shares Shorted: Short Interest Up 469.0% in October

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 2,350 shares, an increase of 469.0% from the October 15th total of 413 shares. Based on an average trading volume of 289 shares, the days-to-cover ratio is presently 8.1 days. Approximately 0.0% of the shares of the stock are short sold.

Pacific Basin Shipping Stock Performance

Shares of OTCMKTS PCFBY remained flat at $8.19 during mid-day trading on Wednesday. The stock had a trading volume of 552 shares, compared to its average volume of 769. The company has a quick ratio of 1.33, a current ratio of 1.82 and a debt-to-equity ratio of 0.02. Pacific Basin Shipping has a twelve month low of $5.46 and a twelve month high of $10.99. The business’s 50-day moving average is $9.79 and its 200 day moving average is $8.53.

About Pacific Basin Shipping

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. It owns and operates vessels that carry commodities for customers around the world. The company focuses on Handysize and Supramax dry bulk ships, which serve a range of ports and cargo needs. Its vessels transport products such as agricultural goods, minerals, steel products and other dry bulk commodities. Founded in 1987, Pacific Basin has developed a global shipping business serving customers across major trade routes.