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

CBL International Limited (NASDAQ:BANL) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 37,100 shares, a decline of 11.2% from the May 15th total of 41,800 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 12,500 shares, the days-to-cover ratio is presently 3.0 days.

CBL International Trading Down 5.0 %

CBL International stock traded down $0.05 during mid-day trading on Friday, hitting $0.90. The company had a trading volume of 7,778 shares, compared to its average volume of 11,206. The stock’s 50 day moving average price is $1.03 and its two-hundred day moving average price is $1.21. CBL International has a 12 month low of $0.83 and a 12 month high of $5.49.

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.