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

Primech Holdings Ltd. (NASDAQ:PMEC) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 71,444 shares, a growth of 34.8% from the January 15th total of 52,993 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 7,693 shares, the short-interest ratio is currently 9.3 days. Based on an average daily trading volume, of 7,693 shares, the short-interest ratio is currently 9.3 days. Currently, 0.2% of the company’s stock are sold short.

Primech Stock Up 8.8%

Shares of NASDAQ:PMEC traded up $0.07 during mid-day trading on Friday, reaching $0.81. 4,941 shares of the stock were exchanged, compared to its average volume of 13,269. The stock’s 50 day simple moving average is $0.97 and its 200-day simple moving average is $1.35. Primech has a one year low of $0.60 and a one year high of $2.44.

Wall Street Analyst Weigh In

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