Premium Catering (Holdings) Limited (NASDAQ:PC) Sees Significant Decline in Short Interest

Premium Catering (Holdings) Limited (NASDAQ:PC) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 14,800 shares, a drop of 41.5% from the August 31st total of 25,300 shares. Based on an average daily volume of 185,500 shares, the short-interest ratio is currently 0.1 days. Currently, 1.7% of the company’s shares are short sold. Currently, 1.7% of the company’s shares are short sold. Based on an average daily volume of 185,500 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PC. Weiss Ratings reiterated a “sell (e+)” rating on shares of Premium Catering in a research note on Saturday, September 27th. Wall Street Zen raised shares of Premium Catering to a “sell” rating in a research note on Saturday, September 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Premium Catering stock. Citadel Advisors LLC acquired a new stake in Premium Catering (Holdings) Limited (NASDAQ:PC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 85,625 shares of the company’s stock, valued at approximately $61,000. Citadel Advisors LLC owned 0.54% of Premium Catering at the end of the most recent reporting period.

Premium Catering Trading Down 12.9%

NASDAQ:PC opened at $11.05 on Friday. Premium Catering has a one year low of $5.11 and a one year high of $49.50. The company has a fifty day moving average price of $7.65 and a 200 day moving average price of $7.56.

About Premium Catering

Premium Catering (Holdings) Limited, through its subsidiary, engages in the business of food catering for function, events, and workers in Singapore. The company provides Halal food in Indian, Bangladesh, and Chinese cuisine to foreign workers, students, and other individuals residing in dormitories, as well foreign workers in the marine, logistics, and poultry industries.