Short Interest in PTL Limited (NASDAQ:PTLE) Grows By 162.9%

PTL Limited (NASDAQ:PTLE) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 1,045,953 shares, an increase of 162.9% from the January 15th total of 397,899 shares. Based on an average daily trading volume, of 17,911,088 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.1% of the shares of the company are short sold. Currently, 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 17,911,088 shares, the days-to-cover ratio is presently 0.1 days.

PTL Stock Down 0.9%

Shares of NASDAQ:PTLE opened at $0.12 on Friday. The company has a 50 day moving average of $0.12 and a 200 day moving average of $0.16. PTL has a 12 month low of $0.10 and a 12 month high of $1.95.

Wall Street Analysts Forecast Growth

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

About PTL

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.