Short Interest in CBL International Limited (NASDAQ:BANL) Grows By 91.0%

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

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings raised shares of CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of CBL International to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, CBL International currently has a consensus rating of “Sell”.

CBL International Price Performance

BANL traded up $0.03 on Wednesday, hitting $0.37. The company had a trading volume of 8,433 shares, compared to its average volume of 906,326. The stock has a fifty day moving average price of $0.42 and a 200-day moving average price of $0.46. CBL International has a 12-month low of $0.28 and a 12-month high of $0.98.

CBL International (NASDAQ:BANL) last released its quarterly earnings results on Friday, April 17th. The company reported ($0.03) EPS for the quarter. The business 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.