Short Interest in Ming Shing Group Holdings Limited (NASDAQ:MSW) Drops By 32.9%

Ming Shing Group Holdings Limited (NASDAQ:MSW) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 88,100 shares, a decrease of 32.9% from the September 15th total of 131,300 shares. Based on an average trading volume of 412,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.5% of the shares of the stock are short sold. Currently, 3.5% of the shares of the stock are short sold. Based on an average trading volume of 412,600 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MSW. Wall Street Zen downgraded Ming Shing Group from a “hold” rating to a “sell” rating in a research report on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Ming Shing Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Ming Shing Group Price Performance

Shares of NASDAQ:MSW opened at $2.24 on Friday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 1.08 and a current ratio of 1.08. Ming Shing Group has a 52-week low of $1.18 and a 52-week high of $10.58. The stock’s fifty day simple moving average is $2.34 and its 200-day simple moving average is $3.23.

Ming Shing Group Company Profile

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.