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

CBL International Limited (NASDAQ:BANL) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 70,300 shares, a decline of 8.9% from the August 15th total of 77,200 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 296,100 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On CBL International

An institutional investor recently bought a new position in CBL International stock. Geode Capital Management LLC acquired a new stake in CBL International Limited (NASDAQ:BANL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,001 shares of the company’s stock, valued at approximately $41,000. Geode Capital Management LLC owned approximately 0.05% of CBL International at the end of the most recent quarter. 0.11% of the stock is owned by institutional investors and hedge funds.

CBL International Price Performance

NASDAQ:BANL remained flat at $1.44 on Monday. 8,837 shares of the company’s stock were exchanged, compared to its average volume of 333,644. CBL International has a one year low of $1.33 and a one year high of $21.53. The company has a 50-day moving average price of $1.81.

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.