Short Interest in CBL International Limited (NASDAQ:BANL) Expands By 24.8%

CBL International Limited (NASDAQ:BANL) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 36,700 shares, an increase of 24.8% from the March 31st total of 29,400 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,700 shares, the days-to-cover ratio is presently 1.2 days.

CBL International Price Performance

BANL stock remained flat at $1.08 during midday trading on Friday. The company had a trading volume of 5,078 shares, compared to its average volume of 16,784. The business’s fifty day moving average price is $1.09 and its two-hundred day moving average price is $1.32. CBL International has a 1 year low of $0.83 and a 1 year high of $16.99.

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.