Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Short Interest Down 18.1% in November

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 703,200 shares, a decline of 18.1% from the November 15th total of 859,100 shares. Based on an average daily volume of 600 shares, the days-to-cover ratio is currently 1,172.0 days.

Pacific Basin Shipping Stock Performance

Shares of PCFBF remained flat at $0.21 during mid-day trading on Friday. Pacific Basin Shipping has a 12-month low of $0.21 and a 12-month high of $0.38. The company’s 50-day simple moving average is $0.25 and its two-hundred day simple moving average is $0.28.

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.