CBL International Limited (NASDAQ:BANL) Sees Large Growth in Short Interest

CBL International Limited (NASDAQ:BANL) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 222,710 shares, a growth of 414.1% from the February 26th total of 43,320 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 5,121,981 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 5,121,981 shares, the short-interest ratio is presently 0.0 days. Currently, 0.8% of the shares of the company are short sold.

CBL International Stock Up 8.6%

Shares of NASDAQ BANL traded up $0.06 during mid-day trading on Tuesday, reaching $0.76. The company had a trading volume of 441,173 shares, compared to its average volume of 1,142,564. The business’s 50-day simple moving average is $0.44 and its 200 day simple moving average is $0.51. CBL International has a one year low of $0.28 and a one year high of $1.16.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CBL International in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About CBL International

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.