MPC Container Ships ASA (OTCMKTS:MPZZF) Sees Large Increase in Short Interest

MPC Container Ships ASA (OTCMKTS:MPZZF) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 283,800 shares, an increase of 697.2% from the November 30th total of 35,600 shares. Based on an average trading volume of 120,000 shares, the days-to-cover ratio is presently 2.4 days.

MPC Container Ships ASA Stock Performance

Shares of OTCMKTS:MPZZF traded down $0.04 during midday trading on Thursday, hitting $1.81. The company’s stock had a trading volume of 11,962 shares, compared to its average volume of 46,300. The business’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $2.07. MPC Container Ships ASA has a 12-month low of $1.03 and a 12-month high of $2.41.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on small-to mid-size vessels that are chartered out on time-charter contracts to global and regional liner shipping companies serving intra-regional trade lanes. It operates a fleet of 59 vessels with an aggregate capacity of approximately 126,943 twenty-foot equivalent units.