CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 29,400 shares, an increase of 19.5% from the March 15th total of 24,600 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 101,300 shares, the days-to-cover ratio is currently 0.3 days.

CBL International Price Performance

BANL stock remained flat at $1.10 on Monday. The company had a trading volume of 8,284 shares, compared to its average volume of 93,568. The company has a 50-day moving average price of $1.15 and a two-hundred day moving average price of $1.33. CBL International has a 12 month low of $0.83 and a 12 month high of $21.53.

Institutional Investors Weigh In On CBL International

An institutional investor recently bought a new position in CBL International stock. Geode Capital Management LLC purchased a new position in CBL International Limited (NASDAQ:BANL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 reporting period. Hedge funds and other institutional investors own 0.07% of the company’s stock.

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.