Short Interest in CBL International Limited (NASDAQ:BANL) Grows By 401.6%

CBL International Limited (NASDAQ:BANLGet Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 72,178 shares, an increase of 401.6% from the July 30th total of 14,390 shares. Based on an average daily trading volume, of 504,562 shares, the short-interest ratio is presently 0.1 days. Approximately 3.4% of the shares of the company are short sold.

CBL International Stock Performance

Shares of BANL traded down $0.30 during midday trading on Thursday, hitting $13.40. The stock had a trading volume of 40,244 shares, compared to its average volume of 92,791. CBL International has a fifty-two week low of $3.46 and a fifty-two week high of $14.35. The business has a 50-day simple moving average of $6.27 and a two-hundred day simple moving average of $6.40.

CBL International (NASDAQ:BANLGet Free Report) last released its earnings results on Tuesday, August 18th. The company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $197.79 million during the quarter.

CBL International Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be issued a $0.10 dividend. The ex-dividend date is Friday, August 28th.

Analyst Ratings Changes

Several research firms have recently commented on BANL. Wall Street Zen raised shares of CBL International to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded shares of CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Research Report on BANL

About CBL International

(Get Free Report)

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.

Further Reading

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