PTL Limited (NASDAQ:PTLE) Short Interest Update

Key Points

• PTL Limited experienced a 92.6% decrease in short interest, falling to 44,118 shares as of Feb. 27 from 599,046 on Feb. 12, leaving a short-interest ratio of 2.2 days and effectively 0.0% of shares shorted.
• PTLE traded at $8.83 (down $0.14) with 50‑day/200‑day moving averages of $9.07/$12.06 and a 1‑year range of $7.20–$156.00, while analysts maintain a consensus Sell rating (Weiss Ratings reiterated a "sell (d-)").

PTL Limited (NASDAQ:PTLE - Get Free Report) saw a significant decrease in short interest in 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 trading volume of 20,330 shares, the short-interest ratio is currently 2.2 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 20,330 shares, the short-interest ratio is currently 2.2 days.

PTL Stock Performance

PTLE stock traded down $0.14 during trading on Tuesday, hitting $8.83. The company had a trading volume of 17,203 shares, compared to its average volume of 46,671. The firm has a 50-day moving average price of $9.07 and a 200-day moving average price of $12.06. PTL has a 1-year low of $7.20 and a 1-year high of $156.00.

Analysts Set New Price Targets

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

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