Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Update

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 466,100 shares, a drop of 33.7% from the November 30th total of 703,200 shares. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is currently 74.0 days.

Pacific Basin Shipping Price Performance

Shares of OTCMKTS:PCFBF remained flat at $0.21 during midday trading on Monday. Pacific Basin Shipping has a twelve month low of $0.21 and a twelve month high of $0.38. The company’s 50 day simple moving average is $0.24 and its 200 day simple moving average is $0.27.

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.