TMD Energy Limited (NYSEAMERICAN:TMDE) Stock Short Interest Declines 55.3%

TMD Energy Limited (NYSEAMERICAN:TMDE) saw 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 trading volume, of 51,959 shares, the days-to-cover ratio is presently 0.7 days.

TMD Energy Trading Up 5.9%

Shares of TMDE traded up $0.03 during midday trading on Friday, hitting $0.62. The stock had a trading volume of 148,231 shares, compared to its average volume of 50,188. The stock’s 50 day moving average is $0.67 and its 200 day moving average is $0.94. TMD Energy has a 1 year low of $0.41 and a 1 year high of $4.77.

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.