Ming Shing Group Holdings Limited (NASDAQ:MSW) Short Interest Up 1,695.5% in April

Ming Shing Group Holdings Limited (NASDAQ:MSW) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 25,191 shares, a growth of 1,695.5% from the April 15th total of 1,403 shares. Based on an average daily trading volume, of 155,266 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Ming Shing Group Price Performance

MSW traded up $0.23 during midday trading on Wednesday, hitting $1.75. 47,558 shares of the company were exchanged, compared to its average volume of 126,814. The company’s 50 day simple moving average is $1.18 and its 200 day simple moving average is $1.29. Ming Shing Group has a 1-year low of $0.60 and a 1-year high of $6.52.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ming Shing Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Ming Shing Group Company Profile

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.