Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 31.3% in December

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 17,399 shares, a decrease of 31.3% from the December 15th total of 25,340 shares. Based on an average daily trading volume, of 10,930 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 10,930 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Primech in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Primech has an average rating of “Sell”.

Primech Price Performance

Shares of NASDAQ PMEC traded up $0.03 during midday trading on Friday, reaching $0.98. The company’s stock had a trading volume of 2,641 shares, compared to its average volume of 20,125. Primech has a 12-month low of $0.62 and a 12-month high of $2.44. The firm has a 50 day moving average price of $1.02 and a 200-day moving average price of $1.43.

About Primech

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.