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

CBL International Limited (NASDAQ:BANL) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 23,600 shares, a drop of 54.7% from the August 31st total of 52,100 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 122,700 shares, the short-interest ratio is currently 0.2 days.

CBL International Price Performance

Shares of BANL stock opened at $0.67 on Friday. The business has a 50-day moving average price of $0.80 and a two-hundred day moving average price of $0.91. 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.