CBL International Limited (NASDAQ:BANL) Short Interest Up 414.1% in March

CBL International Limited (NASDAQ:BANL) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 222,710 shares, a growth of 414.1% from the February 26th total of 43,320 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 5,121,981 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 5,121,981 shares, the short-interest ratio is currently 0.0 days. Currently, 0.8% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

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

CBL International Stock Up 8.6%

Shares of BANL stock opened at $0.76 on Wednesday. CBL International has a 1 year low of $0.28 and a 1 year high of $1.16. The firm’s fifty day simple moving average is $0.45 and its 200 day simple moving average is $0.52.

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.