CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 429,345 shares, a growth of 98.9% from the April 15th total of 215,882 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily volume of 3,264,387 shares, the short-interest ratio is presently 0.1 days.

CBL International Price Performance

Shares of BANL traded down $0.01 during midday trading on Monday, hitting $0.43. The company had a trading volume of 17,521 shares, compared to its average volume of 1,124,189. CBL International has a 52 week low of $0.28 and a 52 week high of $1.05. The company’s 50 day moving average price is $0.58 and its 200 day moving average price is $0.47.

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

Wall Street Analysts Forecast Growth

BANL has been the topic of a number of analyst reports. Wall Street Zen raised shares of CBL International to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CBL International has a consensus rating of “Sell”.

About CBL International

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.