Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 40.0% in June

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 56,439 shares, a decrease of 40.0% from the May 31st total of 94,138 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 96,613 shares, the short-interest ratio is currently 0.6 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Primech in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Primech Stock Performance

NASDAQ:PMEC traded down $0.01 during midday trading on Thursday, hitting $0.64. 30,936 shares of the company traded hands, compared to its average volume of 430,102. The firm’s fifty day moving average is $0.70 and its 200-day moving average is $0.79. Primech has a 12-month low of $0.50 and a 12-month high of $2.44.

Primech (NASDAQ:PMEC) last posted its quarterly earnings data on Monday, March 30th. The company reported ($0.02) EPS for the quarter. The business had revenue of $19.03 million for the quarter.

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.