CBL International Limited (NASDAQ:BANL) Short Interest Down 94.3% in July

CBL International Limited (NASDAQ:BANL) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 14,390 shares, a decline of 94.3% from the July 15th total of 252,909 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,733 shares, the short-interest ratio is currently 0.3 days.

CBL International Trading Up 7.5%

Shares of CBL International stock opened at $4.14 on Wednesday. The stock has a 50 day moving average price of $4.87 and a 200-day moving average price of $5.85. CBL International has a one year low of $3.46 and a one year high of $12.71.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on BANL shares. Wall Street Zen raised CBL International to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings downgraded shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.