Short Interest in CBL International Limited (NASDAQ:BANL) Drops By 60.7%

CBL International Limited (NASDAQ:BANLGet Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 28,399 shares, a drop of 60.7% from the August 15th total of 72,178 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily volume of 70,515 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BANL. Wall Street Zen raised CBL International from a “hold” rating to a “buy” rating in a report on Sunday. Weiss Ratings cut CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CBL International presently has an average rating of “Sell”.

View Our Latest Report on CBL International

CBL International Stock Performance

NASDAQ BANL remained flat at $5.80 on Tuesday. 34,933 shares of the company traded hands, compared to its average volume of 90,410. The company’s 50-day moving average price is $7.76 and its two-hundred day moving average price is $6.96. CBL International has a 12 month low of $3.46 and a 12 month high of $16.40.

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

CBL International Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 28th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, August 28th.

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.

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