PTL Limited (NASDAQ:PTLE) Sees Large Growth in Short Interest

PTL Limited (NASDAQ:PTLE) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 1,045,953 shares, a growth of 162.9% from the January 15th total of 397,899 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 17,911,088 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 17,911,088 shares, the short-interest ratio is presently 0.1 days. Currently, 1.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of PTL in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, PTL has a consensus rating of “Sell”.

PTL Trading Down 4.1%

Shares of NASDAQ PTLE traded down $0.01 during mid-day trading on Thursday, hitting $0.12. 413,325 shares of the stock traded hands, compared to its average volume of 6,882,067. The firm has a 50 day simple moving average of $0.12 and a two-hundred day simple moving average of $0.16. PTL has a twelve month low of $0.10 and a twelve month high of $1.95.

About PTL

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.