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

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 150 shares, a decrease of 84.5% from the May 31st total of 970 shares. Based on an average daily trading volume, of 5,371 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Pacific Basin Shipping Stock Up 7.2%

Shares of OTCMKTS:PCFBY traded up $0.48 during midday trading on Friday, reaching $7.19. 384 shares of the company’s stock were exchanged, compared to its average volume of 1,556. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.63 and a quick ratio of 1.32. The company’s 50 day simple moving average is $7.94 and its two-hundred day simple moving average is $7.48. Pacific Basin Shipping has a 12 month low of $4.67 and a 12 month high of $9.12.

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.