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

PTL Limited (NASDAQ:PTLE) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 30,628 shares, a growth of 341.8% from the October 15th total of 6,932 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 134,090 shares, the days-to-cover ratio is presently 0.2 days.

PTL Price Performance

NASDAQ:PTLE opened at $8.71 on Friday. PTL has a 12-month low of $4.00 and a 12-month high of $19.28. The firm has a 50-day moving average price of $8.04 and a 200 day moving average price of $7.70.

Analyst Ratings Changes

PTLE has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of PTL in a research report on Friday, August 21st. Wall Street Zen upgraded shares of PTL to a “hold” rating in a report on Saturday, November 7th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, PTL currently has an average rating of “Sell”.

About PTL

PTL Limited is a Singapore-based civil engineering and construction company focused on infrastructure projects. Through its operating subsidiaries, it undertakes works related to roads and drainage, along with other civil engineering projects. The company serves the Singapore market. Publicly available information about its history and leadership is limited.