Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Short Interest Up 105.7% in March

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 798 shares, an increase of 105.7% from the February 26th total of 388 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 704 shares, the days-to-cover ratio is presently 1.1 days.

Pacific Basin Shipping Stock Down 7.1%

Shares of PCFBY stock opened at $7.05 on Thursday. Pacific Basin Shipping has a 12 month low of $3.74 and a 12 month high of $9.12. The company has a quick ratio of 1.18, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of $7.91 and a two-hundred day simple moving average of $6.97.

About Pacific Basin Shipping

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.