Primech Holdings Ltd. (NASDAQ:PMEC – Get Free Report) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,119 shares, a drop of 89.8% from the October 15th total of 10,972 shares. Based on an average daily volume of 116,584 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings cut shares of Primech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 29th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Stock Analysis on Primech
Primech Trading Up 5.8%
NASDAQ:PMEC opened at $0.35 on Wednesday. The stock’s 50 day moving average price is $0.47 and its 200 day moving average price is $0.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.36 and a current ratio of 1.36. Primech has a 52-week low of $0.26 and a 52-week high of $1.37.
Primech Company Profile
Primech Holdings Limited is a Singapore-based provider of integrated facilities services. Through its operating subsidiaries, the company supports the day-to-day operation and upkeep of facilities for customers across the public and private sectors. Its services include general cleaning, housekeeping, stewarding, waste management, maintenance and related facilities-support activities. Primech serves a range of property types, including commercial buildings, hospitality venues, healthcare facilities, educational institutions and government-related premises.
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