Masonglory Limited (NASDAQ:MSGY) Sees Large Increase in Short Interest

Masonglory Limited (NASDAQ:MSGY) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 167,382 shares, an increase of 204.6% from the April 30th total of 54,959 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,305,785 shares, the days-to-cover ratio is currently 0.1 days.

Masonglory Stock Down 3.4%

Shares of Masonglory stock traded down $0.02 during trading on Friday, hitting $0.46. 91,226 shares of the stock traded hands, compared to its average volume of 826,434. Masonglory has a twelve month low of $0.36 and a twelve month high of $22.20. The company has a fifty day moving average price of $0.48 and a two-hundred day moving average price of $1.48.

Masonglory (NASDAQ:MSGY) last posted its earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. The company had revenue of $4.70 million for the quarter.

Hedge Funds Weigh In On Masonglory

A hedge fund recently raised its stake in Masonglory stock. Quadrature Capital Ltd lifted its holdings in Masonglory Limited (NASDAQ:MSGY) by 501.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,209 shares of the company’s stock after purchasing an additional 159,428 shares during the period. Quadrature Capital Ltd owned 1.34% of Masonglory worth $507,000 as of its most recent filing with the SEC.

About Masonglory

Masonglory Limited is a subcontractor providing wet trades and related ancillary services to private and public sectors. Masonglory Limited is based in Hong Kong.