Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 20.3% in November

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 130,200 shares, a drop of 20.3% from the October 31st total of 163,400 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 80,000 shares, the short-interest ratio is presently 1.6 days.

Primech Price Performance

NASDAQ PMEC traded down $0.02 during mid-day trading on Friday, hitting $0.73. The company’s stock had a trading volume of 28,795 shares, compared to its average volume of 693,380. The company’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.38 and a current ratio of 1.38. Primech has a twelve month low of $0.49 and a twelve month 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.