CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 38,240 shares, a growth of 317.5% from the December 31st total of 9,160 shares. Based on an average daily volume of 48,731 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 48,731 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

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

CBL International Stock Performance

NASDAQ BANL opened at $0.35 on Wednesday. CBL International has a 12 month low of $0.30 and a 12 month high of $1.30. The company’s 50-day moving average price is $0.42 and its 200-day moving average price is $0.59.

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.