Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Short Interest Down 84.5% in June

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 150 shares, a drop of 84.5% from the May 31st total of 970 shares. Based on an average daily volume of 5,371 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Pacific Basin Shipping Stock Up 7.2%

Pacific Basin Shipping stock traded up $0.48 during mid-day trading on Friday, hitting $7.19. The company’s stock had a trading volume of 384 shares, compared to its average volume of 1,556. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.32 and a current ratio of 1.63. The business has a 50 day moving average price of $7.94 and a 200-day moving average price of $7.48. Pacific Basin Shipping has a 12 month low of $4.67 and a 12 month high of $9.12.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited is a Hong Kong?based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end?users around the world.

Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.