Maison Solutions Inc. (NASDAQ:MSS) Sees Significant Decline in Short Interest

Maison Solutions Inc. (NASDAQ:MSS) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 42,475 shares, a drop of 52.0% from the August 31st total of 88,477 shares. Based on an average daily volume of 204,861 shares, the days-to-cover ratio is presently 0.2 days. Approximately 10.4% of the shares of the company are short sold.

Maison Solutions Price Performance

Shares of Maison Solutions stock traded down $0.13 during trading hours on Wednesday, reaching $1.66. 119,565 shares of the company’s stock were exchanged, compared to its average volume of 1,505,578. The business has a fifty day moving average of $1.61 and a two-hundred day moving average of $4.14. The company has a market capitalization of $1.01 million, a P/E ratio of -0.06 and a beta of 4.19. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 0.96. Maison Solutions has a 1 year low of $1.24 and a 1 year high of $57.00.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research raised shares of Maison Solutions from a “strong sell” rating to a “hold” rating in a report on Friday, June 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maison Solutions in a report on Friday, July 17th. Finally, Wall Street Zen raised Maison Solutions from a “strong sell” rating to a “sell” rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Maison Solutions presently has a consensus rating of “Hold” and a consensus price target of $162.50.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 32,556 shares of Maison Solutions stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $1.84, for a total transaction of $59,903.04. Following the completion of the sale, the insider owned 64,892 shares of the company’s stock, valued at $119,401.28. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 32.73% of the stock is currently owned by insiders.

About Maison Solutions

Maison Solutions, Inc is a specialty grocery retailer focused on serving Asian-American communities in the United States. The company operates supermarkets that offer a broad selection of Asian and international food products alongside traditional grocery merchandise.

Its stores generally sell fresh produce, meat, seafood, packaged foods, snacks, beverages, frozen items, household goods and prepared foods. Maison Solutions also emphasizes products and services tailored to local Asian communities, including ingredients and brands that may be less widely available at conventional supermarkets.

The company’s operations are concentrated in California, particularly in Southern California, where it operates stores under specialty-grocery banners including SF Supermarket and related names.