CBL International Limited (NASDAQ:BANL) Shares Shorted: Short Interest Down 74.9% in October

CBL International Limited (NASDAQ:BANL) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,900 shares, a decline of 74.9% from the October 15th total of 7,560 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 22,135 shares, the short-interest ratio is currently 0.1 days.

CBL International Stock Performance

Shares of NASDAQ:BANL traded up $0.19 during trading on Friday, reaching $3.11. 15,638 shares of the company traded hands, compared to its average volume of 17,067. CBL International has a 52-week low of $2.77 and a 52-week high of $16.40. The business’s fifty day moving average is $4.33 and its 200-day moving average is $6.08.

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

CBL International Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 28th.

Wall Street Analyst Weigh In

Several research firms have issued reports on BANL. Weiss Ratings lowered shares of CBL International from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. Wall Street Zen upgraded CBL International from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has an average rating of “Sell”.

About CBL International

CBL International Limited is a marine fuel logistics company that supplies fuel and related products to vessels. Its offerings include marine fuel oil, marine gas oil and lubricants used by commercial shipping operators. The company also provides logistics services associated with the storage, transportation and delivery of marine fuel. These services are intended to support ship owners, operators and charterers in meeting their bunkering requirements. CBL International was established in 2015 and serves customers in the Asia-Pacific region, including markets associated with major ports in China, Hong Kong, Singapore and Malaysia.