Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Update

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

Primech Price Performance

Shares of PMEC stock opened at $0.76 on Friday. Primech has a 1-year low of $0.49 and a 1-year high of $1.25. The stock has a 50-day moving average of $0.74 and a 200-day moving average of $0.74.

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.