Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 21.0% in April

Primech Holdings Ltd. (NASDAQ:PMEC) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 52,795 shares, a decline of 21.0% from the March 31st total of 66,829 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 51,486 shares, the days-to-cover ratio is presently 1.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Primech in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Primech Stock Performance

Shares of NASDAQ PMEC traded up $0.06 during trading on Thursday, reaching $0.65. The company had a trading volume of 353,245 shares, compared to its average volume of 457,426. Primech has a twelve month low of $0.52 and a twelve month high of $2.44. The stock has a 50-day moving average price of $0.69 and a two-hundred day moving average price of $0.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 1.32.

Primech (NASDAQ:PMEC) last released its quarterly earnings results on Monday, March 30th. The company reported ($0.02) earnings per share for the quarter. The firm had revenue of $19.03 million during the quarter.

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. 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.