Short Interest in Ming Shing Group Holdings Limited (NASDAQ:MSW) Expands By 1,997.2%

Ming Shing Group Holdings Limited (NASDAQ:MSW) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 451,279 shares, a growth of 1,997.2% from the May 31st total of 21,518 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 5,517,600 shares, the days-to-cover ratio is presently 0.1 days.

Ming Shing Group Stock Performance

Shares of Ming Shing Group stock opened at $1.26 on Friday. Ming Shing Group has a 52-week low of $0.60 and a 52-week high of $5.60. The stock’s 50-day simple moving average is $1.42 and its 200 day simple moving average is $1.20.

Ming Shing Group (NASDAQ:MSW) last released its quarterly earnings data on Friday, March 20th. The company reported ($0.14) EPS for the quarter. The business had revenue of $4.22 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ming Shing Group in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

About Ming Shing Group

Ming Shing Group Holdings Limited is a company mainly engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. Ming Shing Group Holdings Limited is based in Hong Kong.