CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 205,495 shares, a decrease of 52.1% from the April 30th total of 429,345 shares. Based on an average trading volume of 188,967 shares, the short-interest ratio is currently 1.1 days. Approximately 0.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BANL. Wall Street Zen raised CBL International to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings cut CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, CBL International currently has an average rating of “Sell”.

CBL International Trading Up 5.9%

Shares of CBL International stock traded up $0.02 during trading on Monday, hitting $0.39. 250,027 shares of the company’s stock traded hands, compared to its average volume of 1,039,267. CBL International has a 1 year low of $0.28 and a 1 year high of $1.03. The business has a 50-day simple moving average of $0.54 and a 200-day simple moving average of $0.47.

CBL International (NASDAQ:BANL) last posted its earnings results on Friday, April 17th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $136.66 million during the quarter.

CBL International Company Profile

CBL International Limited, a marine fuel logistics company, provides vessel refueling solutions in Malaysia, Hong Kong, China, South Korea, Singapore, and internationally. It facilitates vessel refueling between ship operators and local physical distributors/traders by purchasing marine fuel, including both fossil fuel and alternative fuel. The company’s services to its customers include vessel refueling options available at ports; arranges vessel refueling activities and local physical delivery of marine fuel; and coordinates vessel refueling schedule.