TMD Energy Limited (NYSEAMERICAN:TMDE – Get Free Report) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 34,715 shares, a drop of 55.3% from the September 30th total of 77,601 shares. Based on an average daily volume of 51,959 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s shares are short sold.
TMD Energy Stock Up 5.9%
Shares of NYSEAMERICAN:TMDE traded up $0.03 on Friday, hitting $0.62. 148,231 shares of the company’s stock were exchanged, compared to its average volume of 50,188. TMD Energy has a 12 month low of $0.41 and a 12 month high of $4.77. The business’s 50 day simple moving average is $0.67 and its two-hundred day simple moving average is $0.94.
TMD Energy Company Profile
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.
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