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

PTL Limited (NASDAQ:PTLE) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 44,118 shares, a decline of 92.6% from the February 12th total of 599,046 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,330 shares, the short-interest ratio is presently 2.2 days. Based on an average trading volume of 20,330 shares, the short-interest ratio is presently 2.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PTL in a report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

PTL Price Performance

PTLE opened at $9.02 on Wednesday. PTL has a fifty-two week low of $7.20 and a fifty-two week high of $156.00. The business has a fifty day simple moving average of $9.07 and a 200-day simple moving average of $12.06.

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.