Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Significant Decline in Short Interest

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 150 shares, a drop of 84.5% from the May 31st total of 970 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,371 shares, the short-interest ratio is presently 0.0 days.

Pacific Basin Shipping Stock Down 11.5%

Shares of PCFBY stock opened at $6.71 on Friday. Pacific Basin Shipping has a twelve month low of $4.67 and a twelve month high of $9.12. The stock has a 50 day moving average of $7.93 and a 200 day moving average of $7.48. The company has a current ratio of 1.63, a quick ratio of 1.32 and a debt-to-equity ratio of 0.04.

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.