CBL International Limited (NASDAQ:BANL) Short Interest Up 24.8% in April

CBL International Limited (NASDAQ:BANL) was the target of 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. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the company’s stock are sold short.

CBL International Stock Performance

Shares of BANL stock traded down $0.05 during trading on Tuesday, reaching $1.01. The company’s stock had a trading volume of 10,050 shares, compared to its average volume of 82,921. CBL International has a one year low of $0.83 and a one year high of $14.04. The business has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.32.

CBL International Company Profile

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.