CBL International Limited (NASDAQ:BANL) Short Interest Up 401.6% in August

CBL International Limited (NASDAQ:BANL) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 72,178 shares, a growth of 401.6% from the July 30th total of 14,390 shares. Based on an average daily volume of 504,562 shares, the short-interest ratio is presently 0.1 days. Approximately 3.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BANL shares. Weiss Ratings upgraded CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Wall Street Zen raised CBL International to a “sell” rating in a report on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CBL International currently has an average rating of “Sell”.

CBL International Trading Down 1.0%

Shares of CBL International stock opened at $13.37 on Wednesday. CBL International has a 52 week low of $3.46 and a 52 week high of $14.35. The firm has a fifty day moving average of $6.10 and a two-hundred day moving average of $6.33.

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

CBL International Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 28th.

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.