PTL Limited (NASDAQ:PTLE – Get Free Report) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 10,054 shares, a decrease of 48.8% from the July 30th total of 19,633 shares. Based on an average trading volume of 9,718 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are short sold.
PTL Stock Down 5.9%
Shares of PTL stock traded down $0.48 on Monday, hitting $7.62. The company had a trading volume of 1,768 shares, compared to its average volume of 102,853. PTL has a twelve month low of $4.00 and a twelve month high of $36.00. The stock has a 50-day moving average of $8.67 and a 200-day moving average of $7.47.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PTL in a report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.
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.
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