Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Significant Increase in Short Interest

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,461 shares, a growth of 98.8% from the April 30th total of 735 shares. Based on an average daily trading volume, of 2,090 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Pacific Basin Shipping Stock Performance

Pacific Basin Shipping stock opened at $7.89 on Tuesday. The business has a 50 day moving average of $7.84 and a 200-day moving average of $7.37. Pacific Basin Shipping has a 1 year low of $4.61 and a 1 year high of $9.12. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.04.

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.