Short Interest in Primech Holdings Ltd. (NASDAQ:PMEC) Increases By 204.6%

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 52,993 shares, a growth of 204.6% from the December 31st total of 17,399 shares. Based on an average daily volume of 29,752 shares, the short-interest ratio is presently 1.8 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 29,752 shares, the short-interest ratio is presently 1.8 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Primech in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Primech Stock Performance

Shares of NASDAQ:PMEC traded up $0.03 during mid-day trading on Friday, hitting $0.98. 1,108 shares of the company traded hands, compared to its average volume of 18,694. Primech has a 52-week low of $0.66 and a 52-week high of $2.44. The firm’s 50 day simple moving average is $1.01 and its 200 day simple moving average is $1.40.

Primech Company Profile

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.