Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 46.9% in February

Primech Holdings Ltd. (NASDAQ:PMEC) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 145,100 shares, a decline of 46.9% from the January 31st total of 273,400 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 575,000 shares, the short-interest ratio is currently 0.3 days.

Primech Stock Up 4.8 %

Shares of NASDAQ PMEC traded up $0.04 during mid-day trading on Monday, hitting $0.77. 281,463 shares of the company’s stock traded hands, compared to its average volume of 897,764. Primech has a 1 year low of $0.49 and a 1 year high of $4.15. The company’s 50-day moving average is $0.72 and its two-hundred day moving average is $0.72.

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.