Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Update

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 17,399 shares, a drop of 31.3% from the December 15th total of 25,340 shares. Based on an average daily trading volume, of 10,930 shares, the short-interest ratio is presently 1.6 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,930 shares, the short-interest ratio is presently 1.6 days.

Primech Trading Up 2.7%

Primech stock traded up $0.03 during midday trading on Friday, reaching $0.98. The company’s stock had a trading volume of 2,641 shares, compared to its average volume of 27,295. The stock’s 50-day simple moving average is $1.03 and its 200-day simple moving average is $1.44. Primech has a 52-week low of $0.62 and a 52-week high of $2.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Primech in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Primech

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include educational institutions cleaning, airport cleaning, and conservancy areas cleaning services, as well as offers cleaning of hotels, public spaces, roads, condominium, office, industrial, and retail stores. The company offers housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.