Premium Catering (Holdings) Limited (NASDAQ:PC) Short Interest Update

Premium Catering (Holdings) Limited (NASDAQ:PC) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 58,500 shares, an increase of 118.3% from the September 30th total of 26,800 shares. Based on an average trading volume of 315,000 shares, the short-interest ratio is presently 0.2 days. Approximately 6.6% of the shares of the company are sold short. Approximately 6.6% of the shares of the company are sold short. Based on an average trading volume of 315,000 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

PC has been the subject of a number of research reports. Wall Street Zen raised shares of Premium Catering to a “sell” rating in a research report on Saturday, September 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Premium Catering in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Premium Catering currently has a consensus rating of “Sell”.

Premium Catering Stock Up 0.5%

Shares of NASDAQ:PC opened at $9.40 on Friday. The company has a 50-day simple moving average of $8.63 and a 200-day simple moving average of $7.77. Premium Catering has a one year low of $5.11 and a one year high of $49.50.

Premium Catering Company Profile

Premium Catering (Holdings) Limited, through its subsidiary, engages in the business of food catering for function, events, and workers in Singapore. The company provides Halal food in Indian, Bangladesh, and Chinese cuisine to foreign workers, students, and other individuals residing in dormitories, as well foreign workers in the marine, logistics, and poultry industries.