Short Interest in PTL Limited (NASDAQ:PTLE) Decreases By 42.7%

PTL Limited (NASDAQ:PTLE) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 599,046 shares, a decline of 42.7% from the January 29th total of 1,045,953 shares. Based on an average daily volume of 702,264 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 702,264 shares, the short-interest ratio is presently 0.9 days.

PTL Stock Performance

NASDAQ PTLE traded down $0.56 during trading on Friday, reaching $8.65. The company’s stock had a trading volume of 48,036 shares, compared to its average volume of 19,203. The firm has a 50 day moving average price of $8.99 and a 200 day moving average price of $12.32. PTL has a 12 month low of $7.20 and a 12 month high of $156.00.

Analyst Upgrades and Downgrades

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

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.