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

PTL Limited (NASDAQ:PTLE) was the target of a significant increase in short interest during the month of 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. Based on an average trading volume of 41,326 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut PTL from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

PTL Trading Down 2.4%

PTL stock opened at $10.01 on Friday. PTL has a 52 week low of $4.00 and a 52 week high of $36.00. The stock has a 50 day moving average of $6.28 and a 200-day moving average of $7.43.

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.