Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Decreases By 26.7%

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 104,300 shares, a drop of 26.7% from the February 13th total of 142,200 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Pacific Basin Shipping Stock Performance

Pacific Basin Shipping stock remained flat at $0.21 during midday trading on Friday. The company’s 50 day moving average is $0.19 and its two-hundred day moving average is $0.23. Pacific Basin Shipping has a 52-week low of $0.18 and a 52-week high of $0.38.

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.