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

Premium Catering (Holdings) Limited (NASDAQ:PC) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 203,296 shares, an increase of 26.5% from the November 30th total of 160,721 shares. Currently, 9.8% of the shares of the company are short sold. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days. Currently, 9.8% of the shares of the company are short sold.

Analysts Set New Price Targets

Several analysts recently weighed in on PC shares. Weiss Ratings restated a “sell (e+)” rating on shares of Premium Catering in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Premium Catering to a “sell” rating in a research report on Saturday, September 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Premium Catering has a consensus rating of “Sell”.

Premium Catering Price Performance

Shares of PC opened at $9.40 on Wednesday. Premium Catering has a 1 year low of $5.11 and a 1 year high of $49.50. The stock has a 50 day simple moving average of $9.40 and a 200-day simple moving average of $8.13.

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. It also operates a central kitchen under the Premium Catering brand name to supply budget prepared meals to foreign construction workers; operates food stalls; and provides buffet catering services for private functions, and corporate and community events, as well as provides ancillary delivery services.