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

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 16,600 shares, a decline of 15.7% from the November 15th total of 19,700 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 28,100 shares, the short-interest ratio is presently 0.6 days.

CBL International Stock Performance

Shares of NASDAQ:BANL traded down $0.03 during trading on Friday, hitting $0.83. The company’s stock had a trading volume of 3,899 shares, compared to its average volume of 68,477. CBL International has a fifty-two week low of $0.55 and a fifty-two week high of $1.79. The business has a 50 day moving average price of $0.98 and a two-hundred day moving average price of $0.88.

About CBL International

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.