CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 14,390 shares, a decrease of 94.3% from the July 15th total of 252,909 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 55,733 shares, the days-to-cover ratio is presently 0.3 days.

CBL International Stock Performance

NASDAQ BANL traded up $0.47 during trading hours on Thursday, hitting $6.56. 96,402 shares of the company’s stock traded hands, compared to its average volume of 90,820. The business’s fifty day moving average price is $4.89 and its two-hundred day moving average price is $5.86. CBL International has a 52 week low of $3.46 and a 52 week high of $12.71.

Wall Street Analyst Weigh In

Several analysts recently commented on BANL shares. Weiss Ratings lowered CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. 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 stock currently 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.