CBL International Limited (NASDAQ:BANL) Sees Significant Decline in Short Interest

CBL International Limited (NASDAQ:BANL) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 19,700 shares, a decrease of 39.9% from the October 31st total of 32,800 shares. Based on an average trading volume of 33,300 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s stock are sold short.

CBL International Price Performance

Shares of NASDAQ BANL traded down $0.04 during mid-day trading on Friday, hitting $1.02. The company had a trading volume of 4,276 shares, compared to its average volume of 71,067. The firm has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $0.89. CBL International has a one year low of $0.55 and a one year high of $1.79.

CBL International Company Profile

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel.