CBL International Limited (NASDAQ:BANL) Shares Shorted: Short Interest Down 74.9% in October

CBL International Limited (NASDAQ:BANL) was the recipient of a large decline in short interest in October. As of October 30th, there was short interest totaling 1,900 shares, a decline of 74.9% from the October 15th total of 7,560 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 22,135 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

BANL has been the subject of a number of recent analyst reports. Wall Street Zen upgraded CBL International from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Weiss Ratings upgraded CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, CBL International has an average rating of “Sell”.

CBL International Stock Performance

Shares of NASDAQ:BANL opened at $2.92 on Thursday. The firm has a 50 day moving average of $4.83 and a 200-day moving average of $6.10. CBL International has a 12 month low of $2.77 and a 12 month high of $16.40.

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

CBL International Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 28th.

About CBL International

CBL International Limited is a marine fuel logistics company that supplies fuel and related products to vessels. Its offerings include marine fuel oil, marine gas oil and lubricants used by commercial shipping operators. The company also provides logistics services associated with the storage, transportation and delivery of marine fuel. These services are intended to support ship owners, operators and charterers in meeting their bunkering requirements. CBL International was established in 2015 and serves customers in the Asia-Pacific region, including markets associated with major ports in China, Hong Kong, Singapore and Malaysia.