Primech Holdings Ltd. (NASDAQ:PMEC – Get Free Report) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 624,700 shares, an increase of 1,489.6% from the July 15th total of 39,300 shares. Currently, 13.7% of the shares of the stock are sold short. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is presently 0.3 days.
Primech Price Performance
Shares of PMEC stock traded down $0.02 during trading hours on Wednesday, reaching $0.69. The stock had a trading volume of 37,688 shares, compared to its average volume of 988,009. The stock’s fifty day simple moving average is $0.60 and its 200 day simple moving average is $1.23. Primech has a 12 month low of $0.49 and a 12 month high of $4.18.
Primech Company Profile
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