Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Short Interest Down 33.6% in May

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 970 shares, a drop of 33.6% from the May 14th total of 1,461 shares. Based on an average daily volume of 1,423 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Pacific Basin Shipping Stock Performance

OTCMKTS PCFBY opened at $7.75 on Tuesday. The stock’s 50-day simple moving average is $7.92 and its two-hundred day simple moving average is $7.44. Pacific Basin Shipping has a twelve month low of $4.61 and a twelve month high of $9.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.32 and a current ratio of 1.63.

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.