TMD Energy Limited (NYSEAMERICAN:TMDE) Sees Significant Decline in Short Interest

TMD Energy Limited (NYSEAMERICAN:TMDE) was the target of a large decline in short interest in 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. Based on an average daily volume of 51,959 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

TMD Energy Trading Up 5.9%

Shares of TMD Energy stock traded up $0.03 during trading on Friday, reaching $0.62. 148,231 shares of the stock traded hands, compared to its average volume of 50,188. TMD Energy has a 52-week low of $0.41 and a 52-week high of $4.77. The business has a fifty day simple moving average of $0.67 and a two-hundred day simple moving average of $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.