Short Interest in Primech Holdings Ltd. (NASDAQ:PMEC) Decreases By 20.3%

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 130,200 shares, a drop of 20.3% from the October 31st total of 163,400 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 80,000 shares, the days-to-cover ratio is currently 1.6 days.

Primech Trading Down 2.3 %

Shares of PMEC stock opened at $0.73 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 1.38. Primech has a 12-month low of $0.49 and a 12-month high of $4.15. The firm’s 50 day moving average is $0.74 and its 200 day moving average is $0.66.

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.