CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 38,240 shares, a growth of 317.5% from the December 31st total of 9,160 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,731 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 48,731 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are sold short.

CBL International Stock Performance

CBL International stock opened at $0.34 on Friday. CBL International has a 12-month low of $0.30 and a 12-month high of $1.30. The firm has a 50-day moving average price of $0.41 and a 200-day moving average price of $0.58.

Analyst Upgrades and Downgrades

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