CBL International Limited (NASDAQ:BANL) Short Interest Up 401.6% in August

CBL International Limited (NASDAQ:BANL) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 72,178 shares, a growth of 401.6% from the July 30th total of 14,390 shares. Currently, 3.4% of the company’s stock are short sold. Based on an average daily trading volume, of 504,562 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BANL. Weiss Ratings upgraded CBL International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 18th. Wall Street Zen upgraded shares of CBL International to a “sell” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

CBL International Trading Up 0.6%

CBL International stock traded up $0.08 during midday trading on Friday, hitting $13.48. 6,075 shares of the company’s stock were exchanged, compared to its average volume of 92,244. CBL International has a 12-month low of $3.46 and a 12-month high of $14.35. The firm’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $6.47.

CBL International (NASDAQ:BANL) last announced its earnings results on Tuesday, August 18th. The company reported $0.03 EPS for the quarter. The business had revenue of $197.79 million during the quarter.

CBL International Announces Dividend

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

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.