CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decrease in short interest in 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. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 199,947 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

BANL has been the topic of several recent research reports. Wall Street Zen upgraded CBL International to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CBL International has an average rating of “Sell”.

CBL International Price Performance

Shares of NASDAQ BANL traded down $0.02 during trading hours on Friday, hitting $0.33. 111,869 shares of the stock were exchanged, compared to its average volume of 849,983. The company’s 50 day moving average is $0.40 and its 200 day moving average is $0.46. CBL International has a one year low of $0.27 and a one year 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) EPS for the quarter. The company had revenue of $136.66 million for 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.