Short Interest in Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Grows By 2,451.4%

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,837 shares, an increase of 2,451.4% from the January 15th total of 72 shares. Based on an average trading volume of 1,991 shares, the short-interest ratio is currently 0.9 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,991 shares, the short-interest ratio is currently 0.9 days.

Pacific Basin Shipping Trading Up 9.9%

Shares of PCFBY stock opened at $8.74 on Thursday. The firm has a fifty day moving average price of $6.60 and a 200 day moving average price of $6.39. Pacific Basin Shipping has a 12 month low of $3.39 and a 12 month high of $8.74. The company has a current ratio of 1.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.06.

About Pacific Basin Shipping

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.