Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Stock Short Interest Report for September

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,193,681 shares, an increase of 1,530.7% from the September 15th total of 73,200 shares. Based on an average daily trading volume, of 2,208 shares, the short-interest ratio is currently 540.6 days.

Pacific Basin Shipping Price Performance

Shares of OTCMKTS:PCFBF traded down $0.03 during midday trading on Friday, reaching $0.50. The company had a trading volume of 200 shares, compared to its average volume of 6,193. Pacific Basin Shipping has a 1-year low of $0.38 and a 1-year high of $0.53. The business’s 50 day moving average price is $0.49 and its 200 day moving average price is $0.42.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. The company owns and operates a fleet primarily comprising Handysize and Supramax vessels, which transport dry bulk cargoes across global trade routes.

Its vessels carry a broad range of minor bulk commodities, including agricultural products, grains, forest products, minerals, metals, steel products, cement and coal. Pacific Basin provides ocean transportation services to commodity producers, traders and industrial customers, coordinating vessel operations, cargo scheduling and related commercial activities.

The company serves customers worldwide through an international network of offices and operates in major dry bulk markets across the Pacific, Atlantic and other global regions.