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

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a large growth in short interest in 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 days-to-cover ratio is currently 0.3 days. Currently, 2.4% of the shares of the stock are short sold.

Primech Stock Up 1.5 %

Shares of Primech stock traded up $0.01 on Friday, reaching $0.76. 133,047 shares of the company were exchanged, compared to its average volume of 741,910. The stock has a fifty day moving average price of $0.74 and a 200-day moving average price of $0.74. Primech has a fifty-two week low of $0.49 and a fifty-two week high of $1.25.

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.