CBL International Limited (NASDAQ:BANL) Short Interest Update

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

Analysts Set New Price Targets

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

CBL International Stock Up 7.5%

Shares of BANL stock traded up $0.29 on Tuesday, hitting $4.14. The company’s stock had a trading volume of 16,917 shares, compared to its average volume of 110,493. CBL International has a fifty-two week low of $3.46 and a fifty-two week high of $12.71. The firm’s fifty day moving average price is $4.87 and its 200-day moving average price is $5.85.

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.