CBL International Limited (NASDAQ:BANL) Sees Large Decrease in Short Interest

CBL International Limited (NASDAQ:BANL) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 11,408 shares, a decline of 30.4% from the November 30th total of 16,382 shares. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 16,500 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CBL International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

CBL International Price Performance

BANL stock opened at $0.43 on Wednesday. CBL International has a 52 week low of $0.40 and a 52 week high of $1.30. The company’s 50-day moving average price is $0.46 and its 200 day moving average price is $0.65.

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.