Masonglory Limited (NASDAQ:MSGY) Shares Shorted: Short Interest Up 253.0% in September

Masonglory Limited (NASDAQ:MSGY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 442,628 shares, an increase of 253.0% from the September 15th total of 125,381 shares. Based on an average daily trading volume, of 9,715,897 shares, the days-to-cover ratio is currently 0.0 days. Currently, 24.9% of the company’s stock are sold short.

Masonglory Stock Down 7.3%

MSGY stock traded down $0.20 during trading on Tuesday, reaching $2.50. The company had a trading volume of 256,724 shares, compared to its average volume of 884,821. The firm has a 50-day simple moving average of $2.78 and a 200-day simple moving average of $3.44. Masonglory has a twelve month low of $1.73 and a twelve month high of $52.80.

Masonglory (NASDAQ:MSGY) last released its earnings results on Thursday, July 30th. The company reported ($2.28) earnings per share for the quarter. The business had revenue of $7.08 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Masonglory from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

Masonglory Company Profile