CBL International Limited (NASDAQ:BANL) Sees Large Increase in Short Interest

CBL International Limited (NASDAQ:BANL) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 43,320 shares, a growth of 482.4% from the February 12th total of 7,438 shares. Based on an average daily trading volume, of 711,466 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 711,466 shares, the short-interest ratio is currently 0.1 days.

CBL International Trading Up 9.9%

Shares of BANL traded up $0.05 during mid-day trading on Thursday, reaching $0.61. The company had a trading volume of 1,022,104 shares, compared to its average volume of 1,229,717. CBL International has a twelve month low of $0.28 and a twelve month high of $1.22. The company’s 50-day moving average is $0.41 and its 200-day moving average is $0.52.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CBL International in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.