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

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 10,500 shares, a decrease of 36.7% from the November 30th total of 16,600 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 20,900 shares, the days-to-cover ratio is presently 0.5 days.

CBL International Stock Down 1.9 %

CBL International stock traded down $0.02 during midday trading on Friday, reaching $1.04. The company’s stock had a trading volume of 21,497 shares, compared to its average volume of 66,622. The business has a 50-day simple moving average of $0.98 and a 200-day simple moving average of $0.88. CBL International has a fifty-two week low of $0.55 and a fifty-two week high of $1.79.

About CBL International

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.