Short Interest in Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Declines By 83.3%

Key Points

• Pacific Basin Shipping Ltd. experienced an 83.3% decline in short interest, dropping from 600 shares to only 100 shares as of July 15th.
• The company's stock dropped 1.4% to $5.62, while the firm has a significant debt-to-equity ratio of 0.10.
• Pacific Basin Shipping recently announced a dividend increase from $0.09 to $0.105 per share, yielding 4.21%.

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY - Get Free Report) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 100 shares, adropof83.3% from the June 30th total of 600 shares. Currently,0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 0.0 days. Currently,0.0% of the shares of the company are sold short.

Pacific Basin Shipping Price Performance

Shares of PCFBY stock remained flat at $5.63 during trading hours on Friday. The stock had a trading volume of 38 shares, compared to its average volume of 694. Pacific Basin Shipping has a one year low of $3.39 and a one year high of $6.99. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The business's fifty day simple moving average is $5.17 and its two-hundred day simple moving average is $4.62.

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.