Masonglory Limited (NASDAQ:MSGY) Sees Large Drop in Short Interest

Masonglory Limited (NASDAQ:MSGYGet Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 66,123 shares, a decline of 34.0% from the March 15th total of 100,164 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 239,985 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Masonglory

An institutional investor recently raised its position in Masonglory stock. Quadrature Capital Ltd increased its stake in shares of Masonglory Limited (NASDAQ:MSGYFree Report) by 501.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,209 shares of the company’s stock after buying an additional 159,428 shares during the quarter. Quadrature Capital Ltd owned 1.34% of Masonglory worth $507,000 at the end of the most recent quarter.

Masonglory Trading Down 2.6%

Masonglory stock traded down $0.01 during trading on Tuesday, hitting $0.51. 234,975 shares of the company were exchanged, compared to its average volume of 253,901. The business’s 50 day moving average is $0.53 and its 200 day moving average is $2.13. Masonglory has a 52 week low of $0.36 and a 52 week high of $22.20.

Masonglory (NASDAQ:MSGYGet Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share (EPS) for the quarter. The company had revenue of $4.70 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Masonglory in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

View Our Latest Stock Report on Masonglory

Masonglory Company Profile

(Get Free Report)

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.

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