Ming Shing Group Holdings Ltd (NASDAQ:PMA) Short Interest Up 90.9% in August

Ming Shing Group Holdings Ltd (NASDAQ:PMA) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 407,334 shares, a growth of 90.9% from the July 30th total of 213,324 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average trading volume of 614,313 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Ming Shing Group in a research note on Monday, August 24th. They set a “sell (e+)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Ming Shing Group Stock Performance

PMA traded down $0.08 on Friday, hitting $1.16. The company had a trading volume of 50,497 shares, compared to its average volume of 353,917. Ming Shing Group has a 1-year low of $0.60 and a 1-year high of $3.15.

Ming Shing Group (NASDAQ:PMA) last released its quarterly earnings results on Saturday, August 15th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $3.10 million for the quarter.

About Ming Shing Group

Ming Shing Group is a construction services company focused on wet-trade works in Hong Kong. Its activities include plastering, tile laying, bricklaying and related finishing work used in residential, commercial and other building projects.

The company provides services primarily through its operating subsidiaries and works as a subcontractor on construction projects. Its services support the interior and exterior finishing stages of building development and renovation work.

Ming Shing Group serves the Hong Kong construction market.