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

CBL International Limited (NASDAQ:BANL) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,300 shares, a growth of 666.7% from the March 15th total of 300 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 40,300 shares, the days-to-cover ratio is presently 0.1 days.

CBL International Stock Performance

Shares of CBL International stock remained flat at $1.08 during trading on Monday. 19,850 shares of the stock were exchanged, compared to its average volume of 50,737. The stock’s 50-day moving average is $1.08 and its two-hundred day moving average is $1.03. CBL International has a one year low of $0.55 and a one year high of $1.35.

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.