Short Interest in Masonglory Limited (NASDAQ:MSGY) Drops By 34.0%

Masonglory Limited (NASDAQ:MSGY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 66,123 shares, a decrease of 34.0% from the March 15th total of 100,164 shares. Based on an average daily trading volume, of 239,985 shares, the short-interest ratio is currently 0.3 days. Approximately 0.5% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of Masonglory in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Masonglory currently has a consensus rating of “Sell”.

Institutional Trading of Masonglory

An institutional investor recently raised its position in Masonglory stock. Quadrature Capital Ltd raised its position in Masonglory Limited (NASDAQ:MSGY) by 501.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 191,209 shares of the company’s stock after acquiring an additional 159,428 shares during the period. Quadrature Capital Ltd owned approximately 1.34% of Masonglory worth $507,000 at the end of the most recent reporting period.

Masonglory Trading Up 2.3%

Shares of Masonglory stock traded up $0.01 during trading hours on Thursday, hitting $0.54. The company had a trading volume of 201,498 shares, compared to its average volume of 296,532. The company’s 50-day moving average is $0.52 and its two-hundred day moving average is $2.11. Masonglory has a twelve month low of $0.36 and a twelve month high of $22.20.

Masonglory (NASDAQ:MSGY) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. The business had revenue of $4.70 million for the quarter.

Masonglory Company Profile

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.