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

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

PTL Trading Down 6.1%

Shares of PTLE stock traded down $0.56 during midday trading on Friday, hitting $8.65. The company had a trading volume of 48,036 shares, compared to its average volume of 1,407,988. The company’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $12.36. PTL has a 52-week low of $7.20 and a 52-week high of $156.00.

Wall Street Analyst Weigh In

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