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

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 154,100 shares, a growth of 18.8% from the September 30th total of 129,700 shares. Based on an average trading volume of 1,940,000 shares, the short-interest ratio is presently 0.1 days. Approximately 2.3% of the company’s stock are sold short.

Primech Stock Performance

PMEC traded up $0.05 during midday trading on Wednesday, hitting $0.74. The company had a trading volume of 3,368 shares, compared to its average volume of 756,362. The stock’s 50 day moving average price is $0.70 and its 200 day moving average price is $0.65. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.50. Primech has a 52 week low of $0.49 and a 52 week high of $4.18.

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.