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

CBL International Limited (NASDAQ:BANLGet Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 41,800 shares, a drop of 7.9% from the April 30th total of 45,400 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 13,600 shares, the short-interest ratio is currently 3.1 days.

CBL International Price Performance

BANL opened at $1.01 on Tuesday. CBL International has a one year low of $0.83 and a one year high of $5.49. The company’s 50 day simple moving average is $1.04 and its 200-day simple moving average is $1.26.

CBL International Company Profile

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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.

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