CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 13,484 shares, a decline of 64.7% from the January 15th total of 38,240 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 36,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

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

CBL International Price Performance

NASDAQ:BANL opened at $0.32 on Friday. CBL International has a 1-year low of $0.28 and a 1-year high of $1.30. The business’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.55.

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.