Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Sees Significant Increase in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 297,538 shares, an increase of 82.3% from the May 14th total of 163,215 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Pacific Basin Shipping Stock Performance

Pacific Basin Shipping stock opened at $0.40 on Wednesday. Pacific Basin Shipping has a 1 year low of $0.38 and a 1 year high of $0.43. The firm’s 50 day moving average price is $0.40 and its two-hundred day moving average price is $0.32.

About Pacific Basin Shipping

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) is a leading global carrier of dry bulk cargo headquartered in Hong Kong. The company specialises in transporting a diverse range of commodities, including coal, grain, fertilisers and industrial minerals. Leveraging its focus on regional size segments—primarily Handysize and Supramax vessels—Pacific Basin Shipping delivers flexible and cost-effective shipping solutions to industrial and trading companies across major trade lanes.

Founded in 1987 and listed on the Main Board of the Hong Kong Stock Exchange in 1997, Pacific Basin has built a reputation for operational excellence and strong customer service.