PTL Limited (NASDAQ:PTLE) Sees Significant Drop in Short Interest

PTL Limited (NASDAQ:PTLEGet Free Report) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,054 shares, a decrease of 48.8% from the July 30th total of 19,633 shares. Based on an average trading volume of 9,718 shares, the short-interest ratio is currently 1.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PTL in a research report on Friday, August 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, PTL has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on PTL

PTL Price Performance

NASDAQ:PTLE traded up $0.90 during mid-day trading on Friday, reaching $8.10. The company’s stock had a trading volume of 12,407 shares, compared to its average volume of 10,737. The firm’s fifty day moving average price is $8.67 and its two-hundred day moving average price is $7.48. PTL has a 12-month low of $4.00 and a 12-month high of $36.00.

About PTL

(Get Free Report)

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.

Further Reading

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