CBL International Limited (NASDAQ:BANL) Short Interest Up 98.9% in April

CBL International Limited (NASDAQ:BANL) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 429,345 shares, an increase of 98.9% from the April 15th total of 215,882 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 3,264,387 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Wall Street Zen raised CBL International to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

CBL International Price Performance

NASDAQ BANL traded down $0.03 during midday trading on Friday, hitting $0.43. The company had a trading volume of 121,042 shares, compared to its average volume of 1,867,217. The firm has a 50-day moving average price of $0.58 and a 200-day moving average price of $0.48. CBL International has a twelve month low of $0.28 and a twelve month high of $1.05.

CBL International (NASDAQ:BANL) last issued its quarterly 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 during the quarter.

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.