Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Up 149.0% in March

Primech Holdings Ltd. (NASDAQ:PMEC) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 162,100 shares, a growth of 149.0% from the February 28th total of 65,100 shares. Based on an average daily volume of 603,600 shares, the short-interest ratio is currently 0.3 days. Currently, 2.4% of the company’s shares are sold short.

Primech Stock Up 1.5 %

NASDAQ:PMEC opened at $0.75 on Friday. Primech has a 52 week low of $0.49 and a 52 week high of $4.15. The firm’s fifty day moving average is $0.74 and its 200-day moving average is $0.73.

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.