CBL International Limited (NASDAQ:BANL) Short Interest Update

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

CBL International Trading Up 4.2%

NASDAQ:BANL opened at $0.41 on Wednesday. CBL International has a 1-year low of $0.28 and a 1-year high of $1.03. The stock has a fifty day simple moving average of $0.53 and a 200 day simple moving average of $0.47.

CBL International (NASDAQ:BANL) last released 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.

Analyst Ratings Changes

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