Short Interest in Primech Holdings Ltd. (NASDAQ:PMEC) Declines By 46.9%

Primech Holdings Ltd. (NASDAQ:PMEC) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 145,100 shares, a decrease of 46.9% from the January 31st total of 273,400 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily volume of 575,000 shares, the short-interest ratio is presently 0.3 days.

Primech Stock Up 5.0 %

Shares of PMEC opened at $0.73 on Friday. The company has a 50 day moving average price of $0.72 and a 200-day moving average price of $0.72. Primech has a fifty-two week low of $0.49 and a fifty-two week high of $4.15.

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.