Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Up 43.1% in March

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 149,300 shares, a growth of 43.1% from the February 28th total of 104,300 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 746.5 days.

Pacific Basin Shipping Stock Performance

OTCMKTS:PCFBF remained flat at $0.21 during mid-day trading on Friday. Pacific Basin Shipping has a 1 year low of $0.18 and a 1 year high of $0.38. The business’s 50 day simple moving average is $0.19 and its 200-day simple moving average is $0.22.

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.