CBL International Limited (NASDAQ:BANL – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 186,850 shares, a decline of 39.8% from the June 15th total of 310,288 shares. Based on an average daily volume of 199,947 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the shares of the company are short sold.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Weiss Ratings cut shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 30th. Wall Street Zen upgraded shares of CBL International to a “sell” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CBL International currently has an average rating of “Sell”.
Read Our Latest Stock Report on CBL International
CBL International Stock Performance
CBL International (NASDAQ:BANL – Get Free Report) last posted its quarterly earnings data on Friday, April 17th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $136.66 million during the quarter.
CBL International Company Profile
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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