TMD Energy Limited (NYSEAMERICAN:TMDE) Short Interest Down 65.2% in July

TMD Energy Limited (NYSEAMERICAN:TMDE) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 91,554 shares, a decrease of 65.2% from the June 30th total of 262,899 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 493,175 shares, the days-to-cover ratio is currently 0.2 days.

TMD Energy Stock Performance

Shares of TMDE stock traded down $0.07 during trading on Tuesday, reaching $0.73. The company’s stock had a trading volume of 120,222 shares, compared to its average volume of 404,160. TMD Energy has a 1-year low of $0.41 and a 1-year high of $4.77. The stock’s 50-day moving average price is $0.81 and its 200 day moving average price is $1.06. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.04.

TMD Energy (NYSEAMERICAN:TMDE) last issued its quarterly earnings results on Monday, June 29th. The company reported ($0.18) EPS for the quarter. The business had revenue of $123.79 million for the quarter.

About TMD Energy

We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. For our bunkering services, we provide offshore bunkering services which involve STS transfer of marine fuels.