CBL International Limited (NASDAQ:BANL – Get 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:BANL – Get 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
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
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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