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

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

Primech Price Performance

Shares of PMEC opened at $0.77 on Friday. Primech has a 1 year low of $0.49 and a 1 year high of $4.15. The firm has a fifty day moving average of $0.73 and a 200-day moving average of $0.72.

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.