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

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 65,100 shares, a decrease of 55.1% from the February 13th total of 145,100 shares. Based on an average daily volume of 594,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.0% of the company’s shares are short sold.

Primech Price Performance

NASDAQ:PMEC opened at $0.79 on Friday. Primech has a fifty-two week low of $0.49 and a fifty-two week high of $4.15. The company has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $0.73.

About Primech

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.