Ming Shing Group Holdings Ltd (NASDAQ:PMA) Short Interest Update

Ming Shing Group Holdings Ltd (NASDAQ:PMA) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 155,156 shares, a drop of 61.9% from the August 15th total of 407,334 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,489 shares, the short-interest ratio is presently 4.0 days.

Ming Shing Group Price Performance

Shares of PMA traded down $0.06 on Monday, hitting $1.24. 110,469 shares of the stock traded hands, compared to its average volume of 55,407. Ming Shing Group has a 1 year low of $0.60 and a 1 year high of $3.15.

Ming Shing Group (NASDAQ:PMA) last released its earnings results on Saturday, August 15th. The company reported ($0.08) EPS for the quarter. The business had revenue of $3.10 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on Ming Shing Group in a research report on Monday, August 24th. They issued a “sell (e+)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

About Ming Shing Group

Ming Shing Group is a construction services company focused on wet-trade works in Hong Kong. Its activities include plastering, tile laying, bricklaying and related finishing work used in residential, commercial and other building projects.

The company provides services primarily through its operating subsidiaries and works as a subcontractor on construction projects. Its services support the interior and exterior finishing stages of building development and renovation work.

Ming Shing Group serves the Hong Kong construction market.