PTL Limited (NASDAQ:PTLE) Short Interest Up 162.9% in January

PTL Limited (NASDAQ:PTLE) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 1,045,953 shares, an increase of 162.9% from the January 15th total of 397,899 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 17,911,088 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 17,911,088 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of PTL in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

PTL Stock Performance

NASDAQ:PTLE opened at $0.12 on Friday. The firm’s fifty day moving average price is $0.12 and its 200 day moving average price is $0.16. PTL has a 1-year low of $0.10 and a 1-year high of $1.95.

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.