Primech Holdings Ltd. (NASDAQ:PMEC) Sees Significant Decrease in Short Interest

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 122,300 shares, a decrease of 24.6% from the March 15th total of 162,100 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 599,900 shares, the days-to-cover ratio is currently 0.2 days.

Primech Stock Performance

Shares of Primech stock opened at $0.85 on Monday. The business has a 50 day moving average price of $0.77 and a 200 day moving average price of $0.75. Primech has a 1 year low of $0.49 and a 1 year high of $1.13.

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.