Short Interest in Primech Holdings Ltd. (NASDAQ:PMEC) Decreases By 55.1%

Primech Holdings Ltd. (NASDAQ:PMEC) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 65,100 shares, a decline of 55.1% from the February 13th total of 145,100 shares. Based on an average trading volume of 594,900 shares, the short-interest ratio is presently 0.1 days. Approximately 1.0% of the shares of the stock are short sold.

Primech Trading Up 2.6 %

NASDAQ PMEC traded up $0.02 during trading hours on Friday, reaching $0.79. 151,865 shares of the stock traded hands, compared to its average volume of 793,783. The stock has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $0.72. Primech has a 1 year low of $0.49 and a 1 year 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.