CBL International Limited (NASDAQ:BANL) Sees Significant Growth in Short Interest

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

CBL International Price Performance

Shares of NASDAQ BANL traded up $0.01 during midday trading on Thursday, hitting $0.38. 10,124 shares of the company traded hands, compared to its average volume of 899,293. CBL International has a 12-month low of $0.28 and a 12-month high of $0.98. The stock has a 50-day moving average price of $0.42 and a 200 day moving average price of $0.46.

CBL International (NASDAQ:BANL) last released 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 for the quarter.

Wall Street Analyst Weigh In

BANL has been the subject of several research reports. Weiss Ratings lowered shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Wall Street Zen raised CBL International to a “sell” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus 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.