CBL International Limited (NASDAQ:BANL) Short Interest Down 60.7% in August

CBL International Limited (NASDAQ:BANL) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 28,399 shares, a drop of 60.7% from the August 15th total of 72,178 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 70,515 shares, the short-interest ratio is presently 0.4 days.

CBL International Stock Down 8.7%

BANL traded down $0.55 during trading hours on Monday, reaching $5.75. The company’s stock had a trading volume of 41,408 shares, compared to its average volume of 90,665. The company’s 50-day moving average is $7.74 and its 200-day moving average is $6.96. CBL International has a 52 week low of $3.46 and a 52 week high of $16.40.

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

CBL International Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 28th.

Analysts Set New Price Targets

BANL has been the topic of several analyst reports. Weiss Ratings cut shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Wall Street Zen raised CBL International from a “hold” rating to a “buy” rating in a research report on Sunday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CBL International has an average 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.