CBL International Limited (NASDAQ:BANL) Sees Large Drop in Short Interest

CBL International Limited (NASDAQ:BANL) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 7,438 shares, a decline of 44.8% from the January 29th total of 13,484 shares. Based on an average trading volume of 200,535 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 200,535 shares, the short-interest ratio is presently 0.0 days.

CBL International Stock Up 18.8%

BANL stock opened at $0.45 on Friday. CBL International has a 52 week low of $0.28 and a 52 week high of $1.30. The firm’s fifty day moving average is $0.38 and its 200 day moving average is $0.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of CBL International in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, CBL International has a consensus rating of “Sell”.

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.