TMD Energy Limited (NYSEAMERICAN:TMDE) Shares Shorted: Short Interest Down 55.3% in October

TMD Energy Limited (NYSEAMERICAN:TMDE) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 34,715 shares, a decline of 55.3% from the September 30th total of 77,601 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 51,959 shares, the days-to-cover ratio is currently 0.7 days.

TMD Energy Trading Up 5.9%

Shares of NYSEAMERICAN TMDE traded up $0.03 during mid-day trading on Friday, reaching $0.62. The company had a trading volume of 148,231 shares, compared to its average volume of 50,188. TMD Energy has a 52 week low of $0.41 and a 52 week high of $4.77. The business’s 50-day moving average is $0.67 and its 200-day moving average is $0.94.

About TMD Energy

TMD Energy Limited is a marine fuel supplier and logistics company serving the commercial shipping industry. The company’s core business involves sourcing, storing, transporting and delivering marine fuels to vessels, primarily through bunkering and related marine-fuel logistics services.

Its product offerings include marine fuel oil, marine gas oil and other petroleum-based fuels used by ships, as well as marine lubricants and related products. TMD Energy also supports customers with fuel-delivery coordination and associated marine transportation services.

The company is based in Singapore and has operations serving maritime customers in Southeast Asia, including Singapore, Malaysia and Indonesia.