Short Interest in Ming Shing Group Holdings Limited (NASDAQ:MSW) Increases By 1,997.2%

Ming Shing Group Holdings Limited (NASDAQ:MSW) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 451,279 shares, an increase of 1,997.2% from the May 31st total of 21,518 shares. Approximately 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,517,600 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ming Shing Group in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Ming Shing Group Stock Down 3.1%

Shares of MSW stock traded down $0.04 during mid-day trading on Thursday, hitting $1.26. The company’s stock had a trading volume of 51,252 shares, compared to its average volume of 3,170,704. Ming Shing Group has a 52-week low of $0.60 and a 52-week high of $5.60. The business has a 50-day moving average price of $1.42 and a 200 day moving average price of $1.20.

Ming Shing Group (NASDAQ:MSW) last released its quarterly earnings data on Friday, March 20th. The company reported ($0.14) EPS for the quarter. The company had revenue of $4.22 million during the quarter.

About Ming Shing Group

Ming Shing Group Holdings Limited is a company mainly engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. Ming Shing Group Holdings Limited is based in Hong Kong.