CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 205,495 shares, a decrease of 52.1% from the April 30th total of 429,345 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 188,967 shares, the days-to-cover ratio is currently 1.1 days.

Analysts Set New Price Targets

A number of brokerages recently commented on BANL. Wall Street Zen upgraded CBL International to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

CBL International Price Performance

BANL stock traded up $0.02 during midday trading on Monday, hitting $0.39. The stock had a trading volume of 250,027 shares, compared to its average volume of 1,039,267. The business has a 50-day moving average of $0.54 and a two-hundred day moving average of $0.47. CBL International has a 52-week low of $0.28 and a 52-week high of $1.03.

CBL International (NASDAQ:BANL) last issued its quarterly earnings results on Friday, April 17th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $136.66 million during the quarter.

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.