Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Expands By 143.4%

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 272,538 shares, a growth of 143.4% from the June 15th total of 111,960 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Pacific Basin Shipping Price Performance

Pacific Basin Shipping stock remained flat at $0.39 during mid-day trading on Tuesday. The company’s 50 day moving average is $0.40 and its two-hundred day moving average is $0.33. Pacific Basin Shipping has a 1-year low of $0.38 and a 1-year high of $0.43.

Pacific Basin Shipping Company Profile

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.