CBL International Limited (NASDAQ:BANL) Short Interest Down 39.8% in June

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 186,850 shares, a decrease of 39.8% from the June 15th total of 310,288 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 199,947 shares, the short-interest ratio is presently 0.9 days.

CBL International Stock Performance

NASDAQ:BANL traded up $0.01 during mid-day trading on Friday, hitting $0.36. 954,411 shares of the stock were exchanged, compared to its average volume of 143,292. The firm’s 50-day simple moving average is $0.40 and its 200 day simple moving average is $0.46. CBL International has a fifty-two week low of $0.27 and a fifty-two week high of $0.98.

Shares of CBL International are going to reverse split on Monday, July 20th. The 1-13 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 19th.

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

Analyst Ratings Changes

BANL has been the topic of a number of research analyst reports. Weiss Ratings cut CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of CBL International to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, CBL International presently 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.