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

PTL Limited (NASDAQ:PTLE) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 532,210 shares, a drop of 16.9% from the November 30th total of 640,730 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 875,039 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 875,039 shares, the short-interest ratio is presently 0.6 days. Currently, 1.4% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PTL in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, PTL currently has an average rating of “Sell”.

PTL Stock Down 1.4%

PTLE traded down $0.00 on Wednesday, hitting $0.10. 960,870 shares of the company traded hands, compared to its average volume of 6,152,155. The company has a 50 day moving average of $0.16 and a 200-day moving average of $0.19. PTL has a 12-month low of $0.10 and a 12-month high of $15.78.

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.