CBL International Limited (NASDAQ:BANL) Short Interest Up 401.6% in August

CBL International Limited (NASDAQ:BANL) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 72,178 shares, an increase of 401.6% from the July 30th total of 14,390 shares. Currently, 3.4% of the company’s shares are short sold. Based on an average trading volume of 504,562 shares, the short-interest ratio is currently 0.1 days.

CBL International Trading Down 1.0%

Shares of BANL stock opened at $13.37 on Wednesday. The company has a 50 day moving average price of $6.10 and a 200-day moving average price of $6.33. CBL International has a 52 week low of $3.46 and a 52 week high of $14.35.

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

CBL International Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 28th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 28th.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen raised CBL International to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

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.