Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Up 115.4% in June

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 121,573 shares, a growth of 115.4% from the June 15th total of 56,439 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,369,141 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Primech in a research note on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Primech currently has an average rating of “Sell”.

Primech Stock Down 6.7%

Shares of Primech stock traded down $0.04 on Wednesday, hitting $0.54. 61,636 shares of the company’s stock traded hands, compared to its average volume of 405,053. The company has a fifty day moving average of $0.70 and a two-hundred day moving average of $0.76. Primech has a one year low of $0.50 and a one year high of $2.44.

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. The company offers housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.