Primech Holdings Ltd. (NASDAQ:PMEC) Sees Significant Decrease in Short Interest

Primech Holdings Ltd. (NASDAQ:PMEC – Get Free Report) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 94,138 shares, a drop of 47.1% from the May 14th total of 178,005 shares. Based on an average trading volume of 24,418 shares, the days-to-cover ratio is currently 3.9 days. Currently, 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Primech in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Primech has an average rating of “Sell”.

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Primech Trading Down 0.8%

Shares of NASDAQ PMEC opened at $0.64 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 1.32. The stock’s 50-day moving average is $0.71 and its two-hundred day moving average is $0.82. Primech has a 1-year low of $0.52 and a 1-year high of $2.44.

Primech (NASDAQ:PMEC – Get Free Report) last announced its quarterly earnings data on Monday, March 30th. The company reported ($0.02) EPS for the quarter. The firm had revenue of $19.03 million during the quarter.

About Primech

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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.

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