MPC Container Ships ASA (OTCMKTS:MPZZF) Sees Significant Decrease in Short Interest

MPC Container Ships ASA (OTCMKTS:MPZZF) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 159,700 shares, a drop of 30.3% from the October 31st total of 229,200 shares. Based on an average trading volume of 28,300 shares, the days-to-cover ratio is currently 5.6 days.

MPC Container Ships ASA Price Performance

Shares of MPC Container Ships ASA stock traded down $0.10 during mid-day trading on Friday, hitting $1.99. 13,285 shares of the stock were exchanged, compared to its average volume of 46,346. The company has a 50-day simple moving average of $2.16 and a 200 day simple moving average of $2.08. MPC Container Ships ASA has a twelve month low of $1.03 and a twelve month high of $2.41.

About MPC Container Ships ASA

MPC Container Ships ASA owns and operates a portfolio of container vessels. The company focuses on small-to mid-size vessels that are chartered out on time-charter contracts to global and regional liner shipping companies serving intra-regional trade lanes. It operates a fleet of 59 vessels with an aggregate capacity of approximately 126,943 twenty-foot equivalent units.