Short Interest in CBL International Limited (NASDAQ:BANL) Expands By 373.8%

CBL International Limited (NASDAQ:BANL) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totalling 117,500 shares, a growth of 373.8% from the July 15th total of 24,800 shares. Based on an average daily trading volume, of 104,800 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.6% of the shares of the stock are sold short.

CBL International Trading Down 1.1 %

Shares of NASDAQ:BANL traded down $0.01 during midday trading on Wednesday, reaching $0.78. 897 shares of the company’s stock traded hands, compared to its average volume of 88,022. The company has a fifty day simple moving average of $0.85 and a two-hundred day simple moving average of $1.02. CBL International has a 1 year low of $0.65 and a 1 year high of $2.14.

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.