Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Short Interest Up 78.9% in March

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 3,400 shares, an increase of 78.9% from the March 15th total of 1,900 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,500 shares, the short-interest ratio is currently 0.8 days.

Pacific Basin Shipping Price Performance

Shares of Pacific Basin Shipping stock remained flat at $3.80 during trading hours on Friday. The stock had a trading volume of 1 shares, compared to its average volume of 8,587. Pacific Basin Shipping has a twelve month low of $3.39 and a twelve month high of $7.50. The firm has a 50-day simple moving average of $4.27 and a 200-day simple moving average of $4.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29.

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.