Short Interest in Ming Shing Group Holdings Ltd (NASDAQ:PMA) Increases By 90.9%

Ming Shing Group Holdings Ltd (NASDAQ:PMA) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 407,334 shares, a growth of 90.9% from the July 30th total of 213,324 shares. Based on an average daily trading volume, of 614,313 shares, the days-to-cover ratio is currently 0.7 days. Currently, 3.1% of the company’s shares are sold short.

Ming Shing Group Stock Performance

Shares of PMA stock traded down $0.08 during trading on Friday, hitting $1.16. 50,497 shares of the company were exchanged, compared to its average volume of 353,917. Ming Shing Group has a twelve month low of $0.60 and a twelve month high of $3.15.

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

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of Ming Shing Group in a report on Monday, August 24th. They set a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Ming Shing Group Company Profile

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.