CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 28,399 shares, a decline of 60.7% from the August 15th total of 72,178 shares. Approximately 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 70,515 shares, the days-to-cover ratio is presently 0.4 days.

CBL International Stock Up 4.1%

BANL opened at $6.30 on Friday. CBL International has a 52 week low of $3.46 and a 52 week high of $16.40. The business’s 50 day moving average is $7.74 and its two-hundred day moving average is $6.95.

CBL International (NASDAQ:BANL) last posted its quarterly earnings data on Tuesday, August 18th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $197.79 million during the quarter.

CBL International Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be given a $0.10 dividend. The ex-dividend date is Friday, August 28th.

Analyst Ratings Changes

BANL has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. Wall Street Zen raised shares of CBL International from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, CBL International has an average 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.