Primech Holdings Ltd. (NASDAQ:PMEC – Get Free Report) 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
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