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 November. As of November 30th, there was short interest totalling 16,600 shares, a decrease of 15.7% from the November 15th total of 19,700 shares. Based on an average daily trading volume, of 28,100 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

CBL International Stock Performance

NASDAQ BANL traded down $0.03 on Friday, hitting $0.83. 3,899 shares of the company’s stock traded hands, compared to its average volume of 68,477. The firm’s 50-day moving average price is $0.98 and its two-hundred day moving average price is $0.88. CBL International has a 1-year low of $0.55 and a 1-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.