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

Ming Shing Group Holdings Ltd (NASDAQ:PMA) was the target of a large 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 company’s stock are short sold. Based on an average trading volume of 38,489 shares, the days-to-cover ratio is currently 4.0 days.

Ming Shing Group Trading Up 1.2%

Ming Shing Group stock traded up $0.01 during midday trading on Tuesday, reaching $1.25. The company’s stock had a trading volume of 4,699 shares, compared to its average volume of 830,930. Ming Shing Group has a 52-week low of $0.60 and a 52-week high of $3.15.

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

Wall Street Analyst Weigh In

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