Ming Shing Group Holdings Limited (NASDAQ:MSW) Short Interest Update

Ming Shing Group Holdings Limited (NASDAQ:MSW) was the recipient of a large 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. Based on an average daily trading volume, of 5,517,600 shares, the short-interest ratio is currently 0.1 days. Approximately 4.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Ming Shing Group Price Performance

Shares of MSW stock traded down $0.04 during trading hours on Thursday, hitting $1.26. 51,252 shares of the company’s stock traded hands, compared to its average volume of 3,170,704. Ming Shing Group has a 12-month low of $0.60 and a 12-month high of $5.60. The stock’s fifty day simple moving average is $1.42 and its two-hundred day simple moving average is $1.20.

Ming Shing Group (NASDAQ:MSW) last announced its quarterly earnings data on Friday, March 20th. The company reported ($0.14) earnings per share (EPS) for the quarter. The business 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.