CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANLGet Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 28,399 shares, a drop of 60.7% from the August 15th total of 72,178 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily trading volume, of 70,515 shares, the days-to-cover ratio is presently 0.4 days.

CBL International Price Performance

NASDAQ:BANL opened at $6.30 on Friday. The business’s fifty day moving average price is $7.74 and its 200 day moving average price is $6.95. CBL International has a 12 month low of $3.46 and a 12 month high of $16.40.

CBL International (NASDAQ:BANLGet Free Report) last posted its quarterly earnings results on Tuesday, August 18th. The company reported $0.03 earnings per share for the quarter. The business had revenue of $197.79 million during the quarter.

CBL International Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 28th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 28th.

Analyst Ratings Changes

A number of research firms recently weighed in on BANL. Weiss Ratings lowered shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. Wall Street Zen upgraded shares of CBL International from a “hold” rating to a “buy” rating in a research note on Sunday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CBL International presently has an average rating of “Sell”.

Check Out Our Latest Analysis on CBL International

About CBL International

(Get Free Report)

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.

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