CBL International Limited (NASDAQ:BANL) Short Interest Down 39.8% in June

CBL International Limited (NASDAQ:BANL) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 186,850 shares, a drop of 39.8% from the June 15th total of 310,288 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 199,947 shares, the short-interest ratio is presently 0.9 days.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings downgraded CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded CBL International to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

CBL International Trading Down 30.7%

Shares of NASDAQ:BANL opened at $0.29 on Thursday. CBL International has a 52-week low of $0.28 and a 52-week high of $0.98. The company has a 50-day simple moving average of $0.41 and a 200 day simple moving average of $0.46.

CBL International (NASDAQ:BANL) last announced its quarterly 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.