Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Update

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 703,200 shares, a decrease of 18.1% from the November 15th total of 859,100 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is presently 1,172.0 days.

Pacific Basin Shipping Stock Performance

PCFBF remained flat at $0.21 during trading on Friday. The stock’s fifty day moving average is $0.25 and its 200-day moving average is $0.28. Pacific Basin Shipping has a twelve month low of $0.21 and a twelve month high of $0.38.

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.