Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Sees Significant Decrease in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 300 shares, a drop of 57.1% from the November 15th total of 700 shares. Based on an average trading volume of 4,500 shares, the days-to-cover ratio is presently 0.1 days.

Pacific Basin Shipping Price Performance

Shares of PCFBY traded down $0.17 during trading hours on Thursday, hitting $4.73. The stock had a trading volume of 774 shares, compared to its average volume of 3,837. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.29 and a current ratio of 1.70. Pacific Basin Shipping has a 12 month low of $4.47 and a 12 month high of $7.50. The stock has a fifty day moving average price of $5.42 and a 200 day moving average price of $5.73.

About Pacific Basin Shipping

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.