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

CBL International Limited (NASDAQ:BANL) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 222,710 shares, a growth of 414.1% from the February 26th total of 43,320 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average trading volume of 5,121,981 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

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

CBL International Stock Performance

Shares of BANL opened at $0.81 on Thursday. CBL International has a 12 month low of $0.28 and a 12 month high of $1.16. The stock has a fifty day moving average price of $0.46 and a 200 day moving average price of $0.52.

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.