Primech Holdings Ltd. (NASDAQ:PMEC) Sees Significant Increase in Short Interest

Primech Holdings Ltd. (NASDAQ:PMEC) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 294,500 shares, a growth of 584.9% from the March 31st total of 43,000 shares. Based on an average daily trading volume, of 411,400 shares, the short-interest ratio is presently 0.7 days. Currently, 6.9% of the shares of the company are short sold.

Primech Trading Up 6.0 %

Primech stock traded up $0.04 during mid-day trading on Thursday, hitting $0.69. 452,647 shares of the company’s stock traded hands, compared to its average volume of 344,231. Primech has a fifty-two week low of $0.52 and a fifty-two week high of $4.18. The firm has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $2.13.

About Primech

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservancy areas, public areas, refuse disposal areas, and parks and carparks of public housing units; common areas of hotels, educational institutions, public roads, residential spaces, commercial buildings, office facilities, industrial areas, retail stores, and healthcare facilities; housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.