Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Up 43.1% in March

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

Pacific Basin Shipping Stock Performance

OTCMKTS PCFBF remained flat at $0.21 during trading on Tuesday. Pacific Basin Shipping has a 1 year low of $0.18 and a 1 year high of $0.38. The stock has a fifty day moving average of $0.19 and a two-hundred day moving average of $0.22.

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.