Pacific Basin Shipping Limited (OTCMKTS:PCFBY) Short Interest Down 39.1% in April

Pacific Basin Shipping Limited (OTCMKTS:PCFBY) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,400 shares, a drop of 39.1% from the March 31st total of 2,300 shares. Based on an average daily trading volume, of 7,800 shares, the days-to-cover ratio is currently 0.2 days.

Pacific Basin Shipping Stock Performance

Shares of PCFBY stock traded up $0.10 during mid-day trading on Monday, reaching $6.84. 420 shares of the company’s stock traded hands, compared to its average volume of 2,926. The company’s 50-day moving average price is $5.88 and its 200-day moving average price is $5.84. Pacific Basin Shipping has a 12 month low of $5.10 and a 12 month high of $7.04.

Pacific Basin Shipping Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, April 26th will be issued a $0.1048 dividend. The ex-dividend date of this dividend is Thursday, April 25th.

About Pacific Basin Shipping

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.