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

CBL International Limited (NASDAQ:BANL) was the target of 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. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 322,129 shares, the days-to-cover ratio is presently 1.0 days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BANL shares. Weiss Ratings downgraded shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday. Wall Street Zen upgraded CBL International to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

CBL International Price Performance

NASDAQ BANL opened at $0.38 on Friday. CBL International has a twelve month low of $0.28 and a twelve month high of $0.98. The stock has a 50-day simple moving average of $0.42 and a 200 day simple moving average of $0.46.

CBL International (NASDAQ:BANL) last released its earnings results on Friday, April 17th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $136.66 million for the quarter.

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.