Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Shares Shorted: Short Interest Up 469.0% in October

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 2,350 shares, an increase of 469.0% from the October 15th total of 413 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 289 shares, the short-interest ratio is presently 8.1 days.

Pacific Basin Shipping Stock Performance

Shares of Pacific Basin Shipping stock remained flat at $8.19 on Wednesday. 552 shares of the stock traded hands, compared to its average volume of 769. The business has a 50 day simple moving average of $9.79 and a 200-day simple moving average of $8.53. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.33. Pacific Basin Shipping has a twelve month low of $5.46 and a twelve month high of $10.99.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. It owns and operates vessels that carry commodities for customers around the world. The company focuses on Handysize and Supramax dry bulk ships, which serve a range of ports and cargo needs. Its vessels transport products such as agricultural goods, minerals, steel products and other dry bulk commodities. Founded in 1987, Pacific Basin has developed a global shipping business serving customers across major trade routes.