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

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

Primech Stock Down 0.8%

Shares of PMEC stock traded down $0.01 on Monday, hitting $0.64. 14,871 shares of the stock were exchanged, compared to its average volume of 65,938. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Primech has a one year low of $0.52 and a one year high of $2.44. The firm’s 50 day moving average is $0.71 and its two-hundred day moving average is $0.82.

Primech (NASDAQ:PMEC) last posted its quarterly earnings results on Monday, March 30th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $19.03 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Primech in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Primech currently has a consensus rating of “Sell”.

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.