CBL International Limited (NASDAQ:BANL) Sees Significant Decrease in Short Interest

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 205,495 shares, a decrease of 52.1% from the April 30th total of 429,345 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 188,967 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen raised CBL International to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

CBL International Stock Up 4.2%

CBL International stock traded up $0.02 during midday trading on Tuesday, hitting $0.41. The stock had a trading volume of 373,037 shares, compared to its average volume of 1,031,398. CBL International has a 12 month low of $0.28 and a 12 month high of $1.03. The business has a fifty day moving average price of $0.53 and a 200 day moving average price of $0.47.

CBL International (NASDAQ:BANL) last issued its earnings results on Friday, April 17th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $136.66 million for 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.