Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Stock Short Interest Report for September

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,193,681 shares, a growth of 1,530.7% from the September 15th total of 73,200 shares. Based on an average daily volume of 2,208 shares, the days-to-cover ratio is presently 540.6 days.

Pacific Basin Shipping Stock Performance

Shares of Pacific Basin Shipping stock traded down $0.03 during midday trading on Friday, reaching $0.50. The company had a trading volume of 200 shares, compared to its average volume of 6,193. The stock has a fifty day simple moving average of $0.49 and a 200 day simple moving average of $0.42. Pacific Basin Shipping has a 1-year low of $0.38 and a 1-year high of $0.53.

About Pacific Basin Shipping

Pacific Basin Shipping Limited is a Hong Kong-based international dry bulk shipping company. The company owns and operates a fleet primarily comprising Handysize and Supramax vessels, which transport dry bulk cargoes across global trade routes.

Its vessels carry a broad range of minor bulk commodities, including agricultural products, grains, forest products, minerals, metals, steel products, cement and coal. Pacific Basin provides ocean transportation services to commodity producers, traders and industrial customers, coordinating vessel operations, cargo scheduling and related commercial activities.

The company serves customers worldwide through an international network of offices and operates in major dry bulk markets across the Pacific, Atlantic and other global regions.