Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Down 30.6% in December

Primech Holdings Ltd. (NASDAQ:PMEC) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 105,100 shares, a decline of 30.6% from the December 15th total of 151,400 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 94,800 shares, the days-to-cover ratio is currently 1.1 days.

Primech Trading Down 1.3 %

NASDAQ:PMEC traded down $0.01 during trading hours on Wednesday, hitting $0.73. 13,683 shares of the stock traded hands, compared to its average volume of 226,087. The firm has a 50 day moving average price of $0.74 and a 200 day moving average price of $0.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.38 and a quick ratio of 1.38. Primech has a fifty-two week low of $0.49 and a fifty-two week 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.