CBL International Ltd (BANL): Why Is The Stock Strong?

CBL International Ltd (NASDAQ:BANL) has a beta value of 0.79 and has seen 1.26 million shares traded in the last trading session. The company, currently valued at $25.56M, closed the last trade at $0.93 per share which meant it gained $0.11 on the day or 13.01%% during that session. The BANL stock price is -45.16% off its 52-week high price of $1.35 and 40.86% above the 52-week low of $0.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.81 million shares traded. The 3-month trading volume is 545.81K shares.

CBL International Ltd (NASDAQ:BANL) trade information

Sporting 13.01%% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BANL stock price touched $0.93 or saw a rise of 7.0%. Year-to-date, CBL International Ltd shares have moved 2.13%, while the 5-day performance has seen it change 11.57%. Over the past 30 days, the shares of CBL International Ltd (NASDAQ:BANL) have changed -4.68%. Short interest in the company has seen 4117.0 shares shorted with days to cover at 0.08.

CBL International Ltd (BANL) estimates and forecasts

The company’s shares have gained 3.27% over the past 6 months.

BANL Dividends

CBL International Ltd is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

CBL International Ltd (NASDAQ:BANL)’s Major holders

Insiders own 84.80% of the company shares, while shares held by institutions stand at 0.29% with a share float percentage of 1.94%. Investors are also buoyed by the number of investors in a company, with CBL International Ltd having a total of 5.0 institutions that hold shares in the company.

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