Short Interest in Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Rises By 76.0%

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 491 shares, an increase of 76.0% from the July 15th total of 279 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 842 shares, the short-interest ratio is currently 0.6 days.

Pacific Basin Shipping Trading Down 3.6%

Shares of PCFBY stock traded down $0.36 during mid-day trading on Monday, reaching $9.75. The stock had a trading volume of 100 shares, compared to its average volume of 1,726. The firm’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $7.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 1.32. Pacific Basin Shipping has a one year low of $4.91 and a one year high of $10.11.

Pacific Basin Shipping Company Profile

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.