Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Sees Large Growth in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 1,500 shares, a growth of 150.0% from the January 31st total of 600 shares. Based on an average daily volume of 30,000 shares, the short-interest ratio is currently 0.1 days.

Pacific Basin Shipping Stock Performance

Shares of OTCMKTS PCFBY traded down $0.21 during midday trading on Friday, hitting $3.85. The stock had a trading volume of 590 shares, compared to its average volume of 12,992. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. Pacific Basin Shipping has a fifty-two week low of $3.39 and a fifty-two week high of $7.50. The company’s 50-day simple moving average is $4.23 and its 200 day simple moving average is $4.93.

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.