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 company’s shares are short sold. Based on an average daily volume of 59,430 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings upgraded shares of CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 24th. Wall Street Zen upgraded shares of CBL International from a “hold” rating to a “buy” rating in a research note on Sunday, September 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

CBL International Trading Down 1.6%

Shares of BANL traded down $0.07 during midday trading on Wednesday, reaching $4.58. 2,281 shares of the company were exchanged, compared to its average volume of 85,740. The stock has a 50-day moving average price of $7.79 and a 200-day moving average price of $6.80. CBL International has a 1-year low of $3.46 and a 1-year high of $16.40.

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

CBL International Announces Dividend

The business also recently declared a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were issued a $0.10 dividend. 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.