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

Maison Solutions Inc. (NASDAQ:MSS) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 67,084 shares, a decrease of 53.4% from the July 30th total of 143,935 shares. Based on an average daily volume of 302,781 shares, the short-interest ratio is currently 0.2 days. Approximately 16.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

MSS has been the topic of a number of recent analyst reports. Zacks Research raised Maison Solutions from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Maison Solutions in a research report on Friday, July 17th. Finally, Wall Street Zen raised Maison Solutions from a “strong sell” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $162.50.

Insider Buying and Selling at Maison Solutions

In related news, major shareholder Financial Lp Hrt sold 32,556 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $1.84, for a total value of $59,903.04. Following the transaction, the insider 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 32.73% of the stock is owned by company insiders.

Hedge Funds Weigh In On Maison Solutions

An institutional investor recently bought a new position in Maison Solutions stock. XTX Topco Ltd acquired a new position in Maison Solutions Inc. (NASDAQ:MSS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,727 shares of the company’s stock, valued at approximately $27,000. XTX Topco Ltd owned about 0.16% of Maison Solutions at the end of the most recent reporting period. Institutional investors and hedge funds own 2.37% of the company’s stock.

Maison Solutions Trading Up 2.2%

NASDAQ MSS traded up $0.04 during trading hours on Friday, hitting $1.60. 393,928 shares of the company were exchanged, compared to its average volume of 5,690,834. The stock has a 50-day moving average price of $2.29 and a 200 day moving average price of $5.91. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 0.96. Maison Solutions has a 52 week low of $1.24 and a 52 week high of $198.00. The stock has a market cap of $974,400.00, a PE ratio of -0.06 and a beta of 4.16.

About Maison Solutions

Maison Solutions Inc, together with its subsidiaries, operates as the specialty grocery retailer in California. The company offers perishable products, such as meat, seafood, vegetables, and fruit; non-perishable products, including grocery products comprising cooking utensils, canned foods, Chinese and Asian seasonings and spices, and snacks, as well as liquor, cigarette, lottery, newspaper, reusable bag, non-food, and health products, and general merchandise, beauty care, pharmacy, fuel, and other items and services in its stores.