Short Interest in PTL Limited (NASDAQ:PTLE) Expands By 79.8%

PTL Limited (NASDAQ:PTLE) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 16,060 shares, an increase of 79.8% from the June 15th total of 8,934 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 41,326 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered PTL from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

PTL Trading Down 2.4%

PTLE opened at $10.01 on Friday. The firm’s 50 day moving average is $6.28 and its 200-day moving average is $7.43. PTL has a 52-week low of $4.00 and a 52-week high of $36.00.

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.