Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Large Decrease in Short Interest

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 72 shares, a decline of 74.5% from the December 31st total of 282 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 878 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 878 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Pacific Basin Shipping Trading Down 5.6%

Pacific Basin Shipping stock opened at $7.72 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.48 and a debt-to-equity ratio of 0.06. Pacific Basin Shipping has a 12-month low of $3.39 and a 12-month high of $8.18. The firm’s fifty day moving average price is $6.36 and its 200 day moving average price is $6.21.

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.