CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 29,400 shares, a growth of 19.5% from the March 15th total of 24,600 shares. Based on an average trading volume of 101,300 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

CBL International Stock Performance

Shares of BANL remained flat at $1.10 during trading hours on Monday. The company had a trading volume of 8,284 shares, compared to its average volume of 93,568. The stock has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.33. CBL International has a 52-week low of $0.83 and a 52-week high of $21.53.

Institutional Investors Weigh In On CBL International

A hedge fund recently bought a new stake in CBL International stock. Geode Capital Management LLC acquired a new stake in shares of CBL International Limited (NASDAQ:BANL) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.