Maison Solutions Inc. (NASDAQ:MSS) Sees Large Growth in Short Interest

Maison Solutions Inc. (NASDAQ:MSS) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 116,782 shares, an increase of 174.9% from the September 15th total of 42,475 shares. Based on an average trading volume of 8,926,458 shares, the days-to-cover ratio is currently 0.0 days. Currently, 28.5% of the shares of the company are short sold.

Insiders Place Their Bets

In other Maison Solutions news, major shareholder Financial Lp Hrt sold 32,556 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1.84, for a total value of $59,903.04. Following the transaction, the insider directly owned 64,892 shares of the company’s stock, valued at approximately $119,401.28. This trade represents a 33.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.73% of the company’s stock.

Maison Solutions Price Performance

Shares of MSS stock traded down $0.01 on Tuesday, hitting $1.55. 30,911 shares of the stock traded hands, compared to its average volume of 1,439,740. The firm has a market cap of $945,500.00, a price-to-earnings ratio of -0.06 and a beta of 4.07. Maison Solutions has a 52 week low of $1.24 and a 52 week high of $41.53. The firm has a 50 day simple moving average of $1.57 and a two-hundred day simple moving average of $3.69. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.67 and a quick ratio of 0.37.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MSS shares. Wall Street Zen upgraded Maison Solutions from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Maison Solutions in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Maison Solutions currently has an average rating of “Hold” and a consensus target price of $162.50.

About Maison Solutions

Maison Solutions, Inc is a specialty grocery retailer focused on providing Asian food products and related grocery offerings to consumers in the United States. Its merchandise includes fresh produce, meat, seafood, dairy products, packaged foods, beverages and other items commonly found in Asian cuisines.

The company operates physical grocery stores and serves customers through an omnichannel retail model that may include in-store shopping and digital ordering services. Its stores primarily target Asian American communities while also serving consumers seeking international and specialty foods.

Maison Solutions is headquartered in California and has built its business around grocery retailing in the U.S.