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

CBL International Limited (NASDAQ:BANL) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 271,650 shares, an increase of 22.0% from the March 15th total of 222,710 shares. Based on an average daily volume of 357,615 shares, the short-interest ratio is presently 0.8 days. Approximately 1.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CBL International in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

CBL International Price Performance

Shares of NASDAQ:BANL opened at $0.45 on Friday. The firm has a fifty day moving average price of $0.55 and a two-hundred day moving average price of $0.51. CBL International has a one year low of $0.28 and a one year high of $1.09.

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.