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

CBL International Limited (NASDAQ:BANL) saw a large decline in short interest in 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. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is presently 0.7 days.

CBL International Trading Down 7.9%

Shares of NASDAQ BANL opened at $0.40 on Monday. CBL International has a 52 week low of $0.40 and a 52 week high of $1.30. The firm has a 50-day moving average price of $0.47 and a 200 day moving average price of $0.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CBL International in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average 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.