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Primech (PMEC) Short Interest Ratio & Short Volume

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$0.71 +0.02 (+2.90%)
(As of 11/20/2024 ET)

Primech Short Interest Data

Primech (PMEC) has a short interest of 163,400 shares, representing 2.42% of the float (the number of shares available for trading by the public). This marks a 6.04% increase in short interest from the previous month. The short interest ratio (days to cover) is 2.0, indicating that it would take 2.0 days of the average trading volume of 69,497 shares to cover all short positions.

Current Short Interest
163,400 shares
Previous Short Interest
154,100 shares
Change Vs. Previous Month
+6.04%
Dollar Volume Sold Short
$124,184.00
Short Interest Ratio
2.0 Days to Cover
Last Record Date
October 31, 2024
Outstanding Shares
38,130,000 shares
Float Size
6,760,000 shares
Short Percent of Float
2.42%
Today's Trading Volume
142,231 shares
Average Trading Volume
69,497 shares
Today's Volume Vs. Average
205%
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PMEC Short Interest Over Time

PMEC Days to Cover Over Time

PMEC Percentage of Float Shorted Over Time

Primech Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/31/2024163,400 shares $124,184.00 +6.0%2.4%2 $0.76
10/15/2024154,100 shares $121,122.60 +18.8%2.3%0.1 $0.79
9/30/2024129,700 shares $102,463.00 +4.0%1.9%0.1 $0.79
9/15/2024124,700 shares $74,820.00 +8.6%1.8%0.1 $0.60
8/31/2024114,800 shares $72,484.72 -1.1%1.7%0.1 $0.63
8/15/2024116,100 shares $78,309.45 -81.4%1.7%0.1 $0.67
7/31/2024624,700 shares $518,376.06 +1,489.6%13.7%0.3 $0.83
7/15/202439,300 shares $21,229.86 -32.9%0.9%0.4 $0.54
6/30/202458,600 shares $33,987.94 -31.1%1.4%0.4 $0.58
6/15/202485,000 shares $54,230.00 +32.2%2.0%0.2 $0.64
5/31/202464,300 shares $37,654.08 -11.4%1.5%0.1 $0.59
5/15/202472,600 shares $45,433.08 -29.6%1.7%0.2 $0.63
4/30/2024103,100 shares $66,509.81 -65.0%2.4%0.2 $0.65
4/15/2024294,500 shares $178,761.50 +584.9%6.9%0.7 $0.61
3/31/202443,000 shares $55,470.00 +2.9%1.0%0.1 $1.29
3/15/202441,800 shares $110,770.00 -4.8%1.0%0.5 $2.65
2/29/202443,900 shares $125,115.00 -14.4%1.0%1.1 $2.85
2/15/202451,300 shares $105,165.00 +4.7%1.2%0.9 $2.05
1/31/202449,000 shares $92,120.00 No Change1.2%0.5 $1.88

PMEC Short Interest - Frequently Asked Questions

What is Primech's current short interest?

Short interest is the volume of Primech shares that have been sold short but have not yet been covered or closed out. As of October 31st, investors have sold 163,400 shares of PMEC short. 2.42% of Primech's shares are currently sold short. Learn More on Primech's current short interest.

What is a good short interest ratio for Primech?

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PMEC shares currently have a short interest ratio of 2.0. Learn More on Primech's short interest ratio.

What is a good short interest percentage for Primech?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 2.42% of Primech's floating shares are currently sold short.

Is Primech's short interest increasing or decreasing?

Primech saw a increase in short interest in October. As of October 31st, there was short interest totaling 163,400 shares, an increase of 6.0% from the previous total of 154,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

What is Primech's float size?

Primech currently has issued a total of 38,130,000 shares. Some of Primech's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Primech currently has a public float of 6,760,000 shares.

How does Primech's short interest compare to its competitors?

2.42% of Primech's shares are currently sold short. Here is how the short interest of companies in the industry of "business services" compare to Primech: MultiPlan Co. (3.42%), Lightbridge Co. (8.31%), So-Young International Inc. (0.03%), Phunware, Inc. (12.73%), Inotiv, Inc. (5.83%), Bragg Gaming Group Inc. (0.54%), OptimizeRx Co. (6.02%), Technology & Telecommunication Acquisition Co. (0.00%), YY Group Holding Limited (0.21%), PSQ Holdings, Inc. (7.66%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.08 billion), AppLovin Co. ($3.18 billion), Paychex, Inc. ($2.64 billion), Nu Holdings Ltd. ($2.54 billion), International Paper ($2.46 billion), Cencora, Inc. ($2.27 billion), Moderna, Inc. ($1.87 billion), SoFi Technologies, Inc. ($1.81 billion), Lululemon Athletica Inc. ($1.75 billion), and Onsemi ($1.71 billion). View all of the most shorted stocks.

What does it mean to sell short Primech stock?

Short selling PMEC is an investing strategy that aims to generate trading profit from Primech as its price is falling. PMEC shares are trading up $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Primech?

A short squeeze for Primech occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PMEC, which in turn drives the price of the stock up even further.

How often is Primech's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PMEC, twice per month. The most recent reporting period available is October, 31 2024.




This page (NASDAQ:PMEC) was last updated on 11/21/2024 by MarketBeat.com Staff
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