Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Stock Short Interest Report for October

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 2,350 shares, a growth of 469.0% from the October 15th total of 413 shares. Based on an average daily volume of 289 shares, the days-to-cover ratio is presently 8.1 days. Currently, 0.0% of the company’s stock are sold short.

Pacific Basin Shipping Stock Performance

Shares of PCFBY remained flat at $8.32 during midday trading on Thursday. The company’s stock had a trading volume of 266 shares, compared to its average volume of 795. The company’s fifty day moving average is $9.74 and its 200-day moving average is $8.54. Pacific Basin Shipping has a 12 month low of $5.46 and a 12 month high of $10.99. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.82 and a quick ratio of 1.33.

About Pacific Basin Shipping

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. It owns and operates vessels that carry commodities for customers around the world. The company focuses on Handysize and Supramax dry bulk ships, which serve a range of ports and cargo needs. Its vessels transport products such as agricultural goods, minerals, steel products and other dry bulk commodities. Founded in 1987, Pacific Basin has developed a global shipping business serving customers across major trade routes.