Primega Group Holdings Limited (NASDAQ:ZDAI) Sees Large Increase in Short Interest

Primega Group Holdings Limited (NASDAQ:ZDAI) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,340,000 shares, an increase of 182.2% from the August 31st total of 474,800 shares. Currently, 6.1% of the shares of the stock are sold short. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 1,970,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 6.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Primega Group in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Primega Group Trading Down 0.8%

NASDAQ ZDAI opened at $0.65 on Friday. Primega Group has a fifty-two week low of $0.37 and a fifty-two week high of $107.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a 50 day simple moving average of $0.55.

About Primega Group

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste.