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

CBL International Limited (NASDAQ:BANL) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 12,900 shares, an increase of 22.9% from the December 15th total of 10,500 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

CBL International Stock Performance

NASDAQ:BANL traded down $0.02 on Thursday, hitting $1.13. 5,290 shares of the stock were exchanged, compared to its average volume of 12,219. CBL International has a 52 week low of $0.55 and a 52 week high of $1.61. The company’s 50-day moving average price is $0.99 and its 200 day moving average price is $0.90.

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.