Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Short Interest Up 600.0% in November

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 700 shares, an increase of 600.0% from the October 31st total of 100 shares. Based on an average daily volume of 2,700 shares, the days-to-cover ratio is currently 0.3 days.

Pacific Basin Shipping Price Performance

OTCMKTS:PCFBY remained flat at $4.92 during mid-day trading on Friday. The company had a trading volume of 23 shares, compared to its average volume of 1,738. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.13. The business’s fifty day moving average price is $5.51 and its two-hundred day moving average price is $5.88. Pacific Basin Shipping has a 1 year low of $4.50 and a 1 year high of $7.50.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited, an investment holding company, engages in the provision of dry bulk shipping services worldwide. The company offers its shipping services that mainly carry major and minor bulks, including grains, ores, logs/forest products, bauxite, sugar, concentrates, cement and clinkers, coal/coke, fertilizers, alumina, steel, pet-coke, salt, sand and gypsum, and scrap.