Short Interest in CBL International Limited (NASDAQ:BANL) Declines By 38.2%

CBL International Limited (NASDAQ:BANL) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 3,400 shares, a drop of 38.2% from the January 31st total of 5,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 23,100 shares, the days-to-cover ratio is currently 0.1 days.

CBL International Stock Performance

BANL opened at $1.05 on Tuesday. The company’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $0.97. CBL International has a 52-week low of $0.55 and a 52-week high of $1.35.

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.