PTL Limited (NASDAQ:PTLE – Get Free Report) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 10,054 shares, a decline of 48.8% from the July 30th total of 19,633 shares. Based on an average daily trading volume, of 9,718 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company’s shares are short sold.
PTL Trading Up 12.5%
NASDAQ:PTLE traded up $0.90 during mid-day trading on Friday, hitting $8.10. 12,407 shares of the company’s stock were exchanged, compared to its average volume of 10,737. PTL has a one year low of $4.00 and a one year high of $36.00. The business has a fifty day moving average price of $8.67 and a 200 day moving average price of $7.48.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PTL in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, PTL 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.
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