Short Interest in Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Declines By 19.5%

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 142,200 shares, a decline of 19.5% from the January 31st total of 176,700 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Pacific Basin Shipping Stock Performance

Shares of PCFBF remained flat at $0.18 during mid-day trading on Wednesday. Pacific Basin Shipping has a 12-month low of $0.18 and a 12-month high of $0.38. The business has a 50 day moving average price of $0.19 and a 200-day moving average price of $0.23.

Pacific Basin Shipping Company Profile

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.