Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) Sees Significant Decline in Short Interest

Pacific Basin Shipping Ltd. (OTCMKTS:PCFBY) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 72 shares, a drop of 74.5% from the December 31st total of 282 shares. Based on an average daily trading volume, of 878 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 878 shares, the days-to-cover ratio is presently 0.1 days.

Pacific Basin Shipping Stock Down 4.0%

Shares of OTCMKTS:PCFBY opened at $7.41 on Friday. The stock has a 50 day moving average of $6.38 and a 200 day moving average of $6.23. Pacific Basin Shipping has a 12-month low of $3.39 and a 12-month high of $8.18. The company has a current ratio of 1.48, a quick ratio of 1.18 and a debt-to-equity ratio of 0.06.

About Pacific Basin Shipping

Pacific Basin Shipping Limited is a Hong Kong‐based dry bulk shipping company specializing in the transportation of raw materials such as coal, iron ore, grain, steel products and cement. The company operates a modern fleet of Handysize and Supramax vessels that range in size from approximately 25,000 to 63,000 deadweight tonnes, offering flexibility to serve both major bulk trades and smaller regional ports. Its core services include spot and period charters, tailored voyage planning, and cargo handling solutions designed to meet the logistical needs of commodity producers, traders and end‐users around the world.

Founded in the late 1980s, Pacific Basin has grown into one of the largest owners and operators of Handysize vessels globally.