Short Interest in CBL International Limited (NASDAQ:BANL) Declines By 64.7%

CBL International Limited (NASDAQ:BANL) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 13,484 shares, a drop of 64.7% from the January 15th total of 38,240 shares. Based on an average trading volume of 36,900 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 36,900 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

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

CBL International Price Performance

Shares of BANL stock opened at $0.29 on Wednesday. The firm has a 50-day moving average price of $0.40 and a 200 day moving average price of $0.55. CBL International has a twelve month low of $0.28 and a twelve month high of $1.30.

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.