Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Down 33.7% in December

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 466,100 shares, a decline of 33.7% from the November 30th total of 703,200 shares. Based on an average daily volume of 6,300 shares, the short-interest ratio is presently 74.0 days.

Pacific Basin Shipping Stock Performance

Pacific Basin Shipping stock remained flat at $0.21 during midday trading on Monday. Pacific Basin Shipping has a 12 month low of $0.21 and a 12 month high of $0.38. The business has a 50 day simple moving average of $0.24 and a 200-day simple moving average of $0.27.

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.