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

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

CBL International Trading Up 8.6%

BANL traded up $0.06 during trading on Tuesday, reaching $0.76. 441,173 shares of the company’s stock were exchanged, compared to its average volume of 1,142,564. CBL International has a one year low of $0.28 and a one year high of $1.16. The firm has a fifty day moving average price of $0.44 and a two-hundred day moving average price of $0.51.

Analyst Upgrades and Downgrades

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

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.