MPC Container Ships ASA (OTCMKTS:MPZZF) Sees Large Growth in Short Interest

MPC Container Ships ASA (OTCMKTS:MPZZF) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 909,200 shares, a growth of 22.4% from the March 31st total of 742,700 shares. Based on an average trading volume of 47,700 shares, the short-interest ratio is currently 19.1 days.

MPC Container Ships ASA Price Performance

Shares of OTCMKTS MPZZF traded down $0.06 during midday trading on Tuesday, reaching $1.55. 564,449 shares of the company traded hands, compared to its average volume of 80,209. The stock has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.35. MPC Container Ships ASA has a 52 week low of $1.03 and a 52 week high of $1.98.

About MPC Container Ships ASA

MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on small-to mid-size vessels that are chartered out on time-charter contracts to global and regional liner shipping companies serving intra-regional trade lanes. It operates a fleet of 59 vessels with an aggregate capacity of approximately 126,943 twenty-foot equivalent units.