Pacific Basin Shipping Limited (OTCMKTS:PCFBF) Sees Large Growth in Short Interest

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,458,000 shares, an increase of 435.0% from the June 30th total of 272,538 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 347.1 days.

Pacific Basin Shipping Price Performance

Pacific Basin Shipping stock opened at $0.39 on Friday. The company’s 50 day simple moving average is $0.40 and its 200 day simple moving average is $0.34. Pacific Basin Shipping has a fifty-two week low of $0.38 and a fifty-two week high of $0.43.

Pacific Basin Shipping Company Profile

Pacific Basin Shipping Limited (OTCMKTS:PCFBF) is a leading global carrier of dry bulk cargo headquartered in Hong Kong. The company specialises in transporting a diverse range of commodities, including coal, grain, fertilisers and industrial minerals. Leveraging its focus on regional size segments—primarily Handysize and Supramax vessels—Pacific Basin Shipping delivers flexible and cost-effective shipping solutions to industrial and trading companies across major trade lanes.

Founded in 1987 and listed on the Main Board of the Hong Kong Stock Exchange in 1997, Pacific Basin has built a reputation for operational excellence and strong customer service.