CBL International Limited (NASDAQ:BANL) Short Interest Update

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on BANL shares. Weiss Ratings downgraded CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded CBL International to a “sell” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

CBL International Stock Up 7.5%

BANL stock traded up $0.29 during midday trading on Tuesday, reaching $4.14. The company had a trading volume of 16,917 shares, compared to its average volume of 110,493. CBL International has a 1 year low of $3.46 and a 1 year high of $12.71. The company has a 50 day moving average of $4.87 and a two-hundred day moving average of $5.85.

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.