Short Interest in TMD Energy Limited (NYSEAMERICAN:TMDE) Grows By 17.6%

Key Points

• Short interest rose 17.6% through February to 370,165 shares, equal to 1.6% of shares outstanding and a days-to-cover ratio of about 0.2 days.
• Shares fell 21.5% to $1.83 on Monday with 1.67 million shares traded, trading near its 50‑day/200‑day averages of $1.11 and $0.88 and inside a 52‑week range of $0.41–$6.27.
• TMD Energy is a marine fuel bunkering company that also provides ship management and vessel chartering services, including offshore ship‑to‑ship fuel transfers.

TMD Energy Limited (NYSEAMERICAN:TMDE - ) was the recipient of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 370,165 shares, a growth of 17.6% from the February 12th total of 314,755 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 1,858,631 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 1,858,631 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.6% of the shares of the company are sold short.

TMD Energy Trading Down 21.5%

Shares of TMDE traded down $0.50 during trading hours on Monday, hitting $1.83. The company's stock had a trading volume of 1,673,077 shares, compared to its average volume of 13,859,238. The business has a 50 day simple moving average of $1.11 and a two-hundred day simple moving average of $0.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.91 and a quick ratio of 0.84. TMD Energy has a 52-week low of $0.41 and a 52-week high of $6.27.

About TMD Energy

We are principally involved in marine fuel bunkering services specializing in the supply and marketing of marine gas oil and marine fuel oil which include high sulfur fuel oil, low sulfur fuel oil and very low sulfur fuel oil, to ships and vessels at sea. We are also involved in the provision of ship management services for in-house and external vessels, as well as vessel chartering services. For our bunkering services, we provide offshore bunkering services which involve STS transfer of marine fuels.

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