Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Down 26.7% in February

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 104,300 shares, a decline of 26.7% from the February 13th total of 142,200 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Pacific Basin Shipping Stock Performance

Shares of OTCMKTS:PCFBF remained flat at $0.21 during trading on Monday. Pacific Basin Shipping has a twelve month low of $0.18 and a twelve month high of $0.38. The business’s fifty day simple moving average is $0.19 and its two-hundred day simple moving average is $0.23.

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.