Pacific Basin Shipping Limited (OTCMKTS:PCFBY – Get Rating) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 8,700 shares, a growth of 42.6% from the August 31st total of 6,100 shares. Based on an average trading volume of 3,100 shares, the days-to-cover ratio is currently 2.8 days.

Pacific Basin Shipping Price Performance

Shares of OTCMKTS:PCFBY opened at $6.47 on Thursday. Pacific Basin Shipping has a 12-month low of $6.47 and a 12-month high of $12.53. The business has a 50 day moving average of $7.61 and a two-hundred day moving average of $8.94.

Pacific Basin Shipping Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 8th. Stockholders of record on Wednesday, August 10th were paid a dividend of $0.4331 per share. This represents a dividend yield of 29.77%. The ex-dividend date of this dividend was Tuesday, August 9th.

Pacific Basin Shipping Company Profile

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.

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