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

CBL International Limited (NASDAQ:BANL) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 32,800 shares, an increase of 47.1% from the October 15th total of 22,300 shares. Based on an average daily trading volume, of 39,700 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are short sold.

CBL International Stock Down 4.9 %

Shares of BANL traded down $0.05 during trading hours on Friday, reaching $0.98. 3,639 shares of the company traded hands, compared to its average volume of 73,498. The stock’s fifty day moving average is $0.88 and its 200 day moving average is $0.89. CBL International has a 1-year low of $0.55 and a 1-year high of $1.87.

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.