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

CBL International Limited (NASDAQ:BANL) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 12,600 shares, a decrease of 46.6% from the September 15th total of 23,600 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 130,500 shares, the short-interest ratio is presently 0.1 days.

CBL International Stock Performance

BANL traded up $0.06 on Friday, hitting $0.98. 41,980 shares of the company were exchanged, compared to its average volume of 80,790. The stock’s fifty day moving average is $0.80 and its 200-day moving average is $0.90. CBL International has a 12 month low of $0.55 and a 12 month high of $2.14.

CBL International Company Profile

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.