Short Interest in Premium Catering (Holdings) Limited (NASDAQ:PC) Increases By 26.5%

Premium Catering (Holdings) Limited (NASDAQ:PC) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 203,296 shares, a growth of 26.5% from the November 30th total of 160,721 shares. Approximately 9.8% of the shares of the stock are short sold. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days. Approximately 9.8% of the shares of the stock are short sold.

Analysts Set New Price Targets

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

Premium Catering Price Performance

Shares of NASDAQ:PC opened at $9.40 on Wednesday. The company’s 50-day moving average price is $9.40 and its two-hundred day moving average price is $8.13. 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. 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.