Short-term interest in MPC ASA container ships (OTCMKTS:MPZZF) drops 84.0%


Container ship MPC ASA (OTCMKTS: MPZZFGet a rating) benefited from a significant drop in short-term interest rates during the month of May. As of May 31, there was selling interest totaling 10,900 shares, down 84.0% from the May 15 total of 68,100 shares. Based on an average daily trading volume of 7,700 shares, the day-to-cover ratio is currently 1.4 days.

OTCMKTS: MPZZF held steady at $2.65 during Friday trading hours. The stock has a 50-day moving average price of $2.97 and a 200-day moving average price of $2.95. MPC Container Ships ASA has a 1 year minimum of $1.50 and a 1 year maximum of $3.76.

MPC Container Ships ASA Company Profile (Get a rating)

MPC Container Ships ASA owns and operates a portfolio of container ships. The company focuses on supply vessels between 1,000 and 5,000 twenty-foot equivalent units (TEU). It operates a fleet of 75 vessels with a total capacity of 158,000 TEUs. The company charters its vessels to liner shipping companies and regional carriers.

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