Pacific Basin Shipping Limited (OTCMKTS:PCFBY - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,900 shares, a decrease of 44.1% from the March 31st total of 3,400 shares. Based on an average daily trading volume, of 6,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.
Pacific Basin Shipping Price Performance
PCFBY stock remained flat at $4.49 during trading on Friday. The company had a trading volume of 4 shares, compared to its average volume of 7,882. Pacific Basin Shipping has a 52 week low of $3.39 and a 52 week high of $7.50. The stock's 50-day moving average is $4.30 and its 200-day moving average is $4.57. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.13.
Pacific Basin Shipping Increases Dividend
The company also recently declared a dividend, which will be paid on Monday, June 2nd. Investors of record on Wednesday, May 7th will be given a dividend of $0.105 per share. This represents a yield of 4.21%. The ex-dividend date is Tuesday, May 6th. This is a positive change from Pacific Basin Shipping's previous dividend of $0.09.
Pacific Basin Shipping Company Profile
(
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.
Read More
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
