Short Interest in CBL International Limited (NASDAQ:BANL) Grows By 91.0%

CBL International Limited (NASDAQ:BANL) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 310,288 shares, an increase of 91.0% from the May 31st total of 162,446 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average daily trading volume, of 322,129 shares, the days-to-cover ratio is currently 1.0 days.

CBL International Price Performance

BANL stock traded up $0.03 during mid-day trading on Wednesday, reaching $0.37. The company had a trading volume of 8,433 shares, compared to its average volume of 906,326. The firm has a 50 day moving average of $0.42 and a 200 day moving average of $0.46. CBL International has a 12 month low of $0.28 and a 12 month high of $0.98.

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

Analyst Ratings Changes

Several brokerages have commented on BANL. Wall Street Zen raised CBL International to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings upgraded CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently 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.