CBL International Limited (NASDAQ:BANL) Sees Significant Decline in Short Interest

CBL International Limited (NASDAQ:BANL) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 215,882 shares, a drop of 20.5% from the March 31st total of 271,650 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 244,334 shares, the days-to-cover ratio is currently 0.9 days.

CBL International Stock Performance

BANL stock opened at $0.50 on Friday. The firm’s fifty day moving average is $0.58 and its 200 day moving average is $0.49. CBL International has a one year low of $0.28 and a one year high of $1.05.

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

Analyst Upgrades and Downgrades

BANL has been the topic of several analyst reports. Wall Street Zen upgraded shares of CBL International to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of CBL International in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, CBL International has an average rating of “Sell”.

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.