PTL Limited (NASDAQ:PTLE) Short Interest Down 32.0% in September

PTL Limited (NASDAQ:PTLE) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 369,800 shares, a decrease of 32.0% from the August 31st total of 544,100 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.4% of the shares of the stock are sold short.

PTL Stock Performance

Shares of PTLE opened at $0.22 on Monday. The business has a fifty day moving average of $0.19 and a 200 day moving average of $0.64. PTL has a 52-week low of $0.14 and a 52-week high of $15.78.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PTL in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On PTL

An institutional investor recently bought a new position in PTL stock. XTX Topco Ltd acquired a new position in PTL Limited (NASDAQ:PTLE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,431 shares of the company’s stock, valued at approximately $58,000. XTX Topco Ltd owned 0.12% of PTL at the end of the most recent reporting period.

PTL Company Profile

PTL Limited is an established bunkering facilitator providing marine fuel logistics services for vessel refueling, primarily container ships, bulk carriers, general cargo vessels and chemical tankers principally serving the Asia Pacific market. PTL Limited is based in Hong Kong.