Pacific Basin Shipping Limited (OTCMKTS:PCFBY – Get Rating) saw a significant decline in short interest in May. As of May 15th, there was short interest totalling 3,800 shares, a decline of 69.8% from the April 30th total of 12,600 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.9 days.
Separately, Zacks Investment Research cut shares of Pacific Basin Shipping from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 4th.
Shares of PCFBY traded up $0.17 during mid-day trading on Thursday, hitting $10.73. 250 shares of the company’s stock were exchanged, compared to its average volume of 2,514. Pacific Basin Shipping has a 52 week low of $6.68 and a 52 week high of $12.53. The stock’s 50-day simple moving average is $10.33 and its 200-day simple moving average is $9.12.
Pacific Basin Shipping Company Profile (Get Rating)
Pacific Basin Shipping Limited, an investment holding company, provides dry bulk shipping services worldwide. It also offers shipping consulting, ocean shipping, crewing, secretarial, and agency and ship management services; and engages in the vessel owning and chartering, and convertible bonds issuing activities.
- Get a free copy of the StockNews.com research report on Pacific Basin Shipping (PCFBY)
- Genesco Pops On Earnings But Don’t Expect A Rally
- The Insiders Are Selling Movado Group, But You Shouldn’t
- Beware The Rebound In Retail Stocks
- It’s A Good Time To Own Ralph Lauren (NYSE: RL)
- Block, Inc: Correcting for Negative Earnings
Receive News & Ratings for Pacific Basin Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pacific Basin Shipping and related companies with MarketBeat.com's FREE daily email newsletter.