Short Interest in CBL International Limited (NASDAQ:BANL) Decreases By 19.7%

CBL International Limited (NASDAQ:BANL) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 9,160 shares, a decline of 19.7% from the December 15th total of 11,408 shares. Based on an average daily trading volume, of 41,859 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 41,859 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

CBL International Price Performance

Shares of NASDAQ:BANL opened at $0.37 on Monday. CBL International has a 1-year low of $0.30 and a 1-year high of $1.30. The business’s 50 day moving average is $0.44 and its 200-day moving average is $0.61.

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.