Primech Holdings Ltd. (NASDAQ:PMEC) Sees Large Growth in Short Interest

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 162,100 shares, an increase of 149.0% from the February 28th total of 65,100 shares. Based on an average daily trading volume, of 603,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.4% of the company’s stock are short sold.

Primech Trading Up 1.5 %

Shares of NASDAQ:PMEC traded up $0.01 during trading on Friday, reaching $0.76. 133,047 shares of the company traded hands, compared to its average volume of 741,910. The firm has a fifty day simple moving average of $0.74 and a 200 day simple moving average of $0.74. Primech has a 1-year low of $0.49 and a 1-year high of $1.25.

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.