Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Grows By 600.0%

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 700 shares, a growth of 600.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 2,700 shares, the days-to-cover ratio is presently 0.3 days.

Pacific Basin Shipping Stock Performance

PCFBY traded down $0.05 during midday trading on Friday, reaching $4.92. The company’s stock had a trading volume of 5,673 shares, compared to its average volume of 1,738. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29. The stock’s 50-day moving average is $5.51 and its 200-day moving average is $5.88. Pacific Basin Shipping has a 1 year low of $4.50 and a 1 year high of $7.50.

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.