Primech Holdings Ltd. (NASDAQ:PMEC) Short Interest Up 1,489.6% in July

Primech Holdings Ltd. (NASDAQ:PMEC) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 624,700 shares, a growth of 1,489.6% from the July 15th total of 39,300 shares. Currently, 13.7% of the shares of the company are short sold. Based on an average daily volume of 1,930,000 shares, the short-interest ratio is presently 0.3 days.

Primech Stock Performance

Shares of NASDAQ:PMEC traded down $0.02 during trading on Wednesday, reaching $0.69. 37,688 shares of the company traded hands, compared to its average volume of 988,009. Primech has a 52 week low of $0.49 and a 52 week high of $4.18. The company’s 50 day moving average is $0.60 and its two-hundred day moving average is $1.23.

About Primech

Primech Holdings Ltd. provides facilities and stewarding services in the public and private sectors in Singapore. Its facilities services include general cleaning and maintenance of public and private facilities, such as airports, conservancy areas, public areas, refuse disposal areas, and parks and carparks of public housing units; common areas of hotels, educational institutions, public roads, residential spaces, commercial buildings, office facilities, industrial areas, retail stores, and healthcare facilities; housekeeping services; specialized cleaning services, including marble polishing, building façade cleaning, and clean room sanitation services; and waste management and pest control services.