MPC Container Ships ASA (OTCMKTS:MPZZF) Short Interest Up 460.5% in October

MPC Container Ships ASA (OTCMKTS:MPZZF) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 258,400 shares, an increase of 460.5% from the September 30th total of 46,100 shares. Based on an average daily trading volume, of 18,000 shares, the short-interest ratio is presently 14.4 days.

MPC Container Ships ASA Stock Performance

MPZZF traded down $0.03 during trading on Friday, hitting $2.16. 9,734 shares of the company traded hands, compared to its average volume of 49,511. The stock’s 50-day simple moving average is $2.16 and its two-hundred day simple moving average is $1.96. MPC Container Ships ASA has a 1 year low of $1.03 and a 1 year high of $2.37.

MPC Container Ships ASA Company Profile

MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on small-to mid-size vessels that are chartered out on time-charter contracts to global and regional liner shipping companies serving intra-regional trade lanes. It operates a fleet of 59 vessels with an aggregate capacity of approximately 126,943 twenty-foot equivalent units.