CBL International Limited (NASDAQ:BANL) Shares Shorted: Short Interest Down 55.7% in September

CBL International Limited (NASDAQ:BANL) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 12,577 shares, a decline of 55.7% from the August 31st total of 28,399 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 59,430 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

BANL has been the subject of several analyst reports. Wall Street Zen raised shares of CBL International from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. Weiss Ratings upgraded shares of CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

CBL International Price Performance

BANL stock traded up $0.17 during trading on Tuesday, reaching $4.64. The company had a trading volume of 15,982 shares, compared to its average volume of 36,157. CBL International has a 52 week low of $3.46 and a 52 week high of $16.40. The business has a 50 day moving average of $7.81 and a 200 day moving average of $6.82.

CBL International (NASDAQ:BANL) last released its quarterly earnings results on Tuesday, August 18th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $197.79 million for the quarter.

CBL International Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, August 28th.

CBL International Company Profile

CBL International Limited (NASDAQ: BANL) is a container shipping company that provides liner transportation services for commercial cargo. The company operates through its shipping business under the BAL Container Line name and focuses on moving containerized goods between international trade markets.

CBL International’s services include scheduled container shipping, cargo transportation and related logistics support. Its network primarily connects ports in Asia with destinations in Africa and other emerging-market regions, serving importers, exporters and freight customers that require ocean transportation for manufactured goods, commodities and other commercial products.

The company’s operations are conducted through subsidiaries that manage vessel chartering, container capacity and customer shipping arrangements.