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

PTL Limited (NASDAQ:PTLE) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 20,625 shares, a decline of 53.3% from the February 26th total of 44,118 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 66,198 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat, PTL has a consensus rating of “Sell”.

PTL Stock Performance

Shares of PTLE stock traded down $0.24 on Friday, reaching $4.72. 14,549 shares of the stock were exchanged, compared to its average volume of 239,591. The business’s 50 day moving average price is $8.56 and its 200 day moving average price is $11.52. PTL has a twelve month low of $4.00 and a twelve month high of $156.00.

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.