Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Grows By 600.0%

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 700 shares, a growth of 600.0% from the October 31st total of 100 shares. Based on an average trading volume of 2,700 shares, the days-to-cover ratio is currently 0.3 days.

Pacific Basin Shipping Trading Down 1.0 %

Shares of OTCMKTS PCFBY traded down $0.05 during mid-day trading on Wednesday, reaching $4.92. The company had a trading volume of 5,671 shares, compared to its average volume of 3,929. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50-day moving average price of $5.51 and a two-hundred day moving average price of $5.89. Pacific Basin Shipping has a 1-year low of $4.50 and a 1-year high of $7.50.

Pacific Basin Shipping Company Profile

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.