PTL Limited (NASDAQ:PTLE) Short Interest Down 42.7% in February

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

PTL Trading Down 6.1%

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

Analysts Set New Price Targets

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