PTL Limited (NASDAQ:PTLE) Short Interest Update

Key Points

• Short interest jumped 42.4% to 29,370 shares as of March 31, but still represents 0.0% of shares sold short and a 0.0 days-to-cover ratio due to a very high average daily volume (894,126 shares).
• Weiss Ratings reaffirmed a Sell (D-) on PTL and MarketBeat's consensus rating is Sell (based on one analyst).
• PTLE traded down 4.3% to $8.25 on volume of 35,019 (below its average 555,296); the 50-day/200-day SMAs are $8.01 and $10.76, and the 52-week range is $4.00–$150.40.

PTL Limited (NASDAQ:PTLE - Get Free Report) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totaling 29,370 shares, a growth of 42.4% from the March 15th total of 20,625 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 894,126 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PTL in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, PTL presently has an average rating of "Sell".

PTL Trading Down 4.3%

PTLE traded down $0.37 on Tuesday, reaching $8.25. The company had a trading volume of 35,019 shares, compared to its average volume of 555,296. The business has a 50 day simple moving average of $8.01 and a 200 day simple moving average of $10.76. PTL has a 52-week low of $4.00 and a 52-week high of $150.40.

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.

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