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

MPC Container Ships ASA (OTCMKTS:MPZZF) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 266,400 shares, an increase of 260.5% from the February 28th total of 73,900 shares. Based on an average trading volume of 64,200 shares, the short-interest ratio is currently 4.1 days.

MPC Container Ships ASA Price Performance

Shares of MPZZF stock traded down $0.05 during trading hours on Friday, reaching $1.53. 14,118 shares of the company were exchanged, compared to its average volume of 19,509. MPC Container Ships ASA has a fifty-two week low of $1.12 and a fifty-two week high of $2.41. The stock’s fifty day moving average is $1.62 and its two-hundred day moving average is $1.89.

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.