CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) saw a large drop in short interest in the month of November. As of November 30th, there was short interest totalling 16,600 shares, a drop of 15.7% from the November 15th total of 19,700 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 28,100 shares, the days-to-cover ratio is currently 0.6 days.

CBL International Price Performance

BANL opened at $0.83 on Monday. CBL International has a 12-month low of $0.55 and a 12-month high of $1.79. The business’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $0.88.

CBL International Company Profile

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel.