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

PTL Limited (NASDAQ:PTLE) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 10,054 shares, a drop of 48.8% from the July 30th total of 19,633 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 9,718 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

PTL Stock Performance

PTL stock opened at $7.62 on Tuesday. The firm has a 50-day moving average of $8.70 and a 200-day moving average of $7.45. PTL has a one year low of $4.00 and a one year high of $36.00.

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.