Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 40.0% in June

Primech Holdings Ltd. (NASDAQ:PMEC) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 56,439 shares, a drop of 40.0% from the May 31st total of 94,138 shares. Based on an average daily trading volume, of 96,613 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Primech in a report on Monday, May 4th. One equities research 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 Up 1.3%

Shares of NASDAQ:PMEC traded up $0.01 on Wednesday, hitting $0.65. The stock had a trading volume of 26,345 shares, compared to its average volume of 433,321. The firm’s 50 day moving average price is $0.70 and its 200-day moving average price is $0.79. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.36. Primech has a twelve month low of $0.50 and a twelve month high of $2.44.

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