PTL Limited (NASDAQ:PTLE) Short Interest Up 67.5% in July

PTL Limited (NASDAQ:PTLE) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 26,900 shares, an increase of 67.5% from the June 30th total of 16,060 shares. Based on an average daily trading volume, of 96,167 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered PTL from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

PTL Stock Performance

Shares of NASDAQ PTLE opened at $10.49 on Friday. The business has a fifty day simple moving average of $7.41 and a 200 day simple moving average of $7.55. 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.