Short Interest in Primech Holdings Ltd. (NASDAQ:PMEC) Expands By 204.6%

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 52,993 shares, an increase of 204.6% from the December 31st total of 17,399 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 29,752 shares, the days-to-cover ratio is presently 1.8 days. Based on an average trading volume of 29,752 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Primech in a report on Thursday, January 22nd. One 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 Trading Down 0.6%

Shares of NASDAQ PMEC opened at $0.97 on Thursday. The firm has a 50-day simple moving average of $1.01 and a 200-day simple moving average of $1.41. Primech has a 52 week low of $0.64 and a 52 week high of $2.44.

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.