Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 75,000 shares, a drop of 93.7% from the September 30th total of 1,193,681 shares. Based on an average daily volume of 36 shares, the days-to-cover ratio is currently 2,083.3 days.
Pacific Basin Shipping Price Performance
PCFBF stock opened at $0.50 on Tuesday. Pacific Basin Shipping has a 1 year low of $0.38 and a 1 year high of $0.53. The company has a fifty day simple moving average of $0.50 and a 200 day simple moving average of $0.39.
About Pacific Basin Shipping
Pacific Basin Shipping Limited is a Hong Kong-based dry bulk shipping company that owns, leases and operates ocean-going vessels. The company focuses primarily on the handysize and supramax/ultramax segments, which are commonly used to transport a broad range of dry bulk commodities and can serve ports with limited infrastructure.
Its vessels carry minor bulk cargoes such as agricultural products, grains, forestry products, steel and other minerals, as well as coal, cement, aggregates and related commodities.
Further Reading
- Five stocks we like better than Pacific Basin Shipping
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Pacific Basin Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Basin Shipping and related companies with MarketBeat.com's FREE daily email newsletter.
