Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Short Interest Up 93.8% in July

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 279 shares, a growth of 93.8% from the June 30th total of 144 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 179 shares, the short-interest ratio is presently 1.6 days.

Pacific Basin Shipping Stock Performance

PCFBY remained flat at $8.85 on Friday. The company had a trading volume of 235 shares, compared to its average volume of 263. Pacific Basin Shipping has a fifty-two week low of $4.91 and a fifty-two week 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. The company has a 50 day moving average price of $7.71 and a two-hundred day moving average price of $7.77.

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.