Pacific Basin Shipping Limited (OTCMKTS:PCFBY - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 200 shares, a decrease of 92.9% from the April 30th total of 2,800 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold.
Pacific Basin Shipping Price Performance
OTCMKTS PCFBY traded up $0.11 on Monday, hitting $5.05. The stock had a trading volume of 500 shares, compared to its average volume of 6,818. Pacific Basin Shipping has a one year low of $3.39 and a one year high of $7.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.70 and a quick ratio of 1.29. The company's 50-day moving average is $4.46 and its two-hundred day moving average is $4.48.
Pacific Basin Shipping Increases Dividend
The company also recently announced a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 7th will be given a $0.105 dividend. This is a boost from Pacific Basin Shipping's previous dividend of $0.09. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a yield of 4.21%.
About Pacific Basin Shipping
(
Get Free Report)
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.
Further Reading
Before you consider Pacific Basin Shipping, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pacific Basin Shipping wasn't on the list.
While Pacific Basin Shipping currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
