CBL International Limited (NASDAQ:BANL) Short Interest Up 98.9% in April

CBL International Limited (NASDAQ:BANL – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 429,345 shares, an increase of 98.9% from the April 15th total of 215,882 shares. Based on an average daily trading volume, of 3,264,387 shares, the short-interest ratio is currently 0.1 days. Currently, 1.6% of the shares of the company are short sold.

CBL International Stock Performance

NASDAQ:BANL traded down $0.03 during mid-day trading on Friday, hitting $0.43. 121,042 shares of the stock were exchanged, compared to its average volume of 1,867,217. The firm’s 50-day simple moving average is $0.58 and its 200 day simple moving average is $0.48. CBL International has a fifty-two week low of $0.28 and a fifty-two week high of $1.05.

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CBL International (NASDAQ:BANL – Get Free Report) last released its quarterly earnings results on Friday, April 17th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $136.66 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BANL shares. Weiss Ratings raised CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen raised CBL International to a “sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Read Our Latest Stock Analysis on CBL International

CBL International Company Profile

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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.

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