CBL International Limited (NASDAQ:BANL) Short Interest Down 38.6% in August

CBL International Limited (NASDAQ:BANL) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 72,200 shares, a drop of 38.6% from the July 31st total of 117,500 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 110,400 shares, the days-to-cover ratio is presently 0.7 days.

CBL International Stock Performance

Shares of NASDAQ:BANL traded down $0.04 during midday trading on Friday, reaching $0.81. The company’s stock had a trading volume of 63,422 shares, compared to its average volume of 86,236. CBL International has a fifty-two week low of $0.65 and a fifty-two week high of $2.14. The business’s fifty day simple moving average is $0.84 and its 200-day simple moving average is $0.98.

About CBL International

CBL International Limited, a fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. The company offers trade credit and arranges local physical delivery of marine fuel. It expedites vessel refueling between ship operators and local physical distributors/traders of marine fuel.