Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Update

Primech Holdings Ltd. (NASDAQ:PMEC) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 34,084 shares, a drop of 70.6% from the July 15th total of 115,977 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 14,839 shares, the short-interest ratio is presently 2.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Primech from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Primech Stock Up 0.4%

Shares of PMEC stock opened at $0.43 on Thursday. Primech has a 1 year low of $0.31 and a 1 year high of $2.44. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $0.58 and a 200 day simple moving average of $0.68.

Primech (NASDAQ:PMEC) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.02) EPS for the quarter. The business had revenue of $19.97 million during the quarter.

Primech Company Profile

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.