Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Short Interest Up 285.7% in January

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,700 shares, an increase of 285.7% from the December 31st total of 700 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 2.1 days.

Pacific Basin Shipping Stock Up 0.7 %

Shares of Pacific Basin Shipping stock traded up $0.03 during midday trading on Tuesday, hitting $4.30. The company had a trading volume of 38,780 shares, compared to its average volume of 6,023. Pacific Basin Shipping has a 52-week low of $3.66 and a 52-week high of $7.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50 day moving average of $4.59 and a 200 day moving average of $5.19.

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.