Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Short Interest Down 39.1% in April

Pacific Basin Shipping Limited (OTCMKTS:PCFBY - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,400 shares, a drop of 39.1% from the March 31st total of 2,300 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is currently 0.2 days.

Pacific Basin Shipping Trading Up 0.7 %

Shares of OTCMKTS PCFBY traded up $0.04 during midday trading on Friday, reaching $6.74. The company had a trading volume of 2,638 shares, compared to its average volume of 2,633. The business's 50-day simple moving average is $5.84 and its 200 day simple moving average is $5.83. Pacific Basin Shipping has a 1 year low of $5.10 and a 1 year high of $7.04.

Pacific Basin Shipping Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be issued a $0.1048 dividend. The ex-dividend date of this dividend is Thursday, April 25th.

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.

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