Short Interest in Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Drops By 33.6%

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 970 shares, a decrease of 33.6% from the May 14th total of 1,461 shares. Based on an average trading volume of 1,423 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Pacific Basin Shipping Stock Down 5.4%

Shares of Pacific Basin Shipping stock opened at $7.30 on Thursday. Pacific Basin Shipping has a 1 year low of $4.61 and a 1 year high of $9.12. The business has a 50-day moving average of $7.92 and a two-hundred day moving average of $7.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.32 and a current ratio of 1.63.

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.