CBL International Limited (NASDAQ:BANL) Short Interest Update

CBL International Limited (NASDAQ:BANL) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 38,240 shares, an increase of 317.5% from the December 31st total of 9,160 shares. Based on an average daily volume of 48,731 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 48,731 shares, the short-interest ratio is presently 0.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of CBL International in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

CBL International Trading Down 4.4%

BANL stock opened at $0.33 on Thursday. The company has a 50 day moving average of $0.42 and a two-hundred day moving average of $0.58. CBL International has a 12-month low of $0.30 and a 12-month high of $1.30.

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.