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

CBL International Limited (NASDAQ:BANL) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, a decline of 87.5% from the February 28th total of 2,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 34,000 shares, the days-to-cover ratio is currently 0.0 days.

CBL International Stock Performance

NASDAQ BANL traded up $0.01 during trading hours on Wednesday, reaching $1.05. 22,379 shares of the company were exchanged, compared to its average volume of 49,006. CBL International has a 1 year low of $0.55 and a 1 year high of $1.35. The business’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $1.00.

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.