Short Interest in CBL International Limited (NASDAQ:BANL) Drops By 30.4%

CBL International Limited (NASDAQ:BANL) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 11,408 shares, a decline of 30.4% from the November 30th total of 16,382 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

CBL International Price Performance

Shares of BANL opened at $0.40 on Monday. CBL International has a 1-year low of $0.40 and a 1-year high of $1.30. The firm has a 50 day simple moving average of $0.47 and a 200-day simple moving average of $0.66.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CBL International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock 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.