CBL International Limited (NASDAQ:BANL) Short Interest Up 98.9% in April

CBL International Limited (NASDAQ:BANL) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 429,345 shares, a growth of 98.9% from the April 15th total of 215,882 shares. Based on an average daily volume of 3,264,387 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.6% of the shares of the company are short sold.

CBL International Stock Down 1.8%

Shares of CBL International stock opened at $0.43 on Tuesday. The business’s fifty day moving average price is $0.57 and its two-hundred day moving average price is $0.47. CBL International has a 1-year low of $0.28 and a 1-year high of $1.05.

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

Wall Street Analyst Weigh In

BANL has been the subject of a number of analyst reports. Wall Street Zen upgraded CBL International to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently 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.