Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Drops By 39.1%

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,400 shares, a decrease of 39.1% from the March 31st total of 2,300 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 0.2 days.

Pacific Basin Shipping Trading Up 1.5 %

Pacific Basin Shipping stock traded up $0.10 during midday trading on Monday, reaching $6.84. The stock had a trading volume of 420 shares, compared to its average volume of 2,926. Pacific Basin Shipping has a 12 month low of $5.10 and a 12 month high of $7.04. The firm’s 50-day moving average price is $5.88 and its 200 day moving average price is $5.84.

Pacific Basin Shipping Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be given a dividend of $0.1048 per share. The ex-dividend date of this dividend is Thursday, April 25th.

About Pacific Basin Shipping

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.