Short Interest in PTL Limited (NASDAQ:PTLE) Drops By 92.6%

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

PTL Price Performance

PTLE stock opened at $8.89 on Thursday. The business’s 50-day moving average is $9.09 and its two-hundred day moving average is $12.04. PTL has a fifty-two week low of $7.20 and a fifty-two week high of $156.00.

Analyst Ratings Changes

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