Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Sees Large Decline in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 35,000 shares, a decline of 97.6% from the July 15th total of 1,458,000 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ? days.

Pacific Basin Shipping Trading Down 1.2%

Pacific Basin Shipping stock opened at $0.47 on Wednesday. The business’s 50 day simple moving average is $0.40 and its 200 day simple moving average is $0.35. Pacific Basin Shipping has a 12 month low of $0.38 and a 12 month high of $0.47.

About Pacific Basin Shipping

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) is a leading global carrier of dry bulk cargo headquartered in Hong Kong. The company specialises in transporting a diverse range of commodities, including coal, grain, fertilisers and industrial minerals. Leveraging its focus on regional size segments—primarily Handysize and Supramax vessels—Pacific Basin Shipping delivers flexible and cost-effective shipping solutions to industrial and trading companies across major trade lanes.

Founded in 1987 and listed on the Main Board of the Hong Kong Stock Exchange in 1997, Pacific Basin has built a reputation for operational excellence and strong customer service.