CBL International Limited (NASDAQ:BANL) Sees Significant Drop in Short Interest

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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.com, CBL International currently has an average rating of “Sell”.

CBL International Trading Up 8.1%

Shares of BANL opened at $0.43 on Tuesday. CBL International has a twelve month low of $0.40 and a twelve month high of $1.30. The business’s 50-day moving average price is $0.47 and its 200-day moving average price is $0.65.

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.