Maison Solutions Inc. (NASDAQ:MSS) Sees Significant Drop in Short Interest

Maison Solutions Inc. (NASDAQ:MSS) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 54,671 shares, a drop of 53.2% from the September 30th total of 116,782 shares. Based on an average daily trading volume, of 71,566 shares, the short-interest ratio is currently 0.8 days. Currently, 13.3% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MSS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maison Solutions in a report on Thursday, October 15th. Wall Street Zen raised shares of Maison Solutions from a “strong sell” rating to a “sell” rating in a report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $162.50.

Maison Solutions Stock Performance

MSS stock traded down $0.13 during trading hours on Friday, hitting $1.01. 110,206 shares of the stock were exchanged, compared to its average volume of 56,762. The company has a current ratio of 0.67, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $618,845.00, a P/E ratio of -0.04 and a beta of 4.07. The company has a 50-day simple moving average of $1.51 and a two-hundred day simple moving average of $5.67. Maison Solutions has a 12 month low of $1.00 and a 12 month high of $35.94.

Insider Activity at Maison Solutions

In other news, major shareholder Financial Lp Hrt sold 32,556 shares of Maison Solutions stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1.84, for a total transaction of $59,903.04. Following the completion of the transaction, the insider directly owned 64,892 shares in the company, valued at approximately $119,401.28. The trade was a 33.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 32.73% of the company’s stock.

Maison Solutions Company Profile

Maison Solutions, Inc is a specialty grocery retailer focused on serving consumers seeking Asian food products and related grocery offerings in the United States. The company operates physical grocery stores that provide a mix of fresh produce, meat, seafood, packaged foods, beverages, household products and other everyday essentials.

Its stores also offer prepared foods and products tailored to Asian culinary preferences, including imported and regional ingredients that may be less widely available through conventional grocery chains.