CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 5,800 shares, a decrease of 55.0% from the December 31st total of 12,900 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

CBL International Price Performance

CBL International stock remained flat at $1.16 during midday trading on Thursday. The company had a trading volume of 17,782 shares, compared to its average volume of 14,989. The stock’s 50-day moving average price is $1.01 and its 200-day moving average price is $0.93. CBL International has a twelve month low of $0.55 and a twelve month high of $1.52.

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.