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

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 111,960 shares, a decrease of 62.4% from the May 31st total of 297,538 shares. Based on an average daily trading volume, of 7,438 shares, the days-to-cover ratio is presently 15.1 days.

Pacific Basin Shipping Price Performance

OTCMKTS:PCFBF remained flat at $0.40 during trading hours on Monday. The firm’s fifty day moving average is $0.40 and its 200 day moving average is $0.32. Pacific Basin Shipping has a twelve month low of $0.38 and a twelve month high of $0.43.

Pacific Basin Shipping Company Profile

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.