Pacific Basin Shipping Limited (OTCMKTS:PCFBF) is seeing a significant increase in short interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF – Get Free Report ) received a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 890,100 shares, up 32.8% from its August 31st total of 670,100 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 287.1 days.

Pacific Basin Shipping Price Performance

Shares of Pacific Basin Shipping stock remained flat at $0.25 on Friday. The firm has a 50-day moving average of $0.29 and a 200-day moving average of $0.31. Pacific Basin Shipping has a one year low of $0.25 and a one year high of $0.38.

About Pacific Basin Shipping

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Pacific Basin Shipping Limited, an investment holding company, is engaged in providing dry bulk shipping services worldwide. The company provides shipping services primarily transporting major and minor bulk including grain, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinker, coal/coke, fertilizers, alumina, steel, pet coke , salt, sand and gypsum and scrap metal.

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