Primech Holdings Ltd. (NASDAQ:PMEC) Stock Short Interest Report for October

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,119 shares, a drop of 89.8% from the October 15th total of 10,972 shares. Based on an average daily volume of 116,584 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of Primech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 29th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Primech Stock Up 5.8%

Primech stock opened at $0.35 on Wednesday. Primech has a twelve month low of $0.26 and a twelve month high of $1.37. The stock has a 50 day moving average of $0.47 and a two-hundred day moving average of $0.62. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.56.

About Primech

Primech Holdings Limited is a Singapore-based provider of integrated facilities services. Through its operating subsidiaries, the company supports the day-to-day operation and upkeep of facilities for customers across the public and private sectors. Its services include general cleaning, housekeeping, stewarding, waste management, maintenance and related facilities-support activities. Primech serves a range of property types, including commercial buildings, hospitality venues, healthcare facilities, educational institutions and government-related premises.