Masonglory Limited (NASDAQ:MSGY) Sees Significant Decline in Short Interest

Masonglory Limited (NASDAQ:MSGY) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 89,661 shares, a drop of 79.7% from the September 30th total of 442,628 shares. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 378,710 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised Masonglory from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Masonglory currently has a consensus rating of “Sell”.

Masonglory Stock Performance

Shares of NASDAQ:MSGY traded down $0.10 on Thursday, hitting $3.96. 368,477 shares of the company were exchanged, compared to its average volume of 2,804,796. The company’s 50 day moving average price is $2.86 and its two-hundred day moving average price is $5.54. Masonglory has a one year low of $1.73 and a one year high of $52.80.

Masonglory (NASDAQ:MSGY) last released its quarterly earnings data on Thursday, July 30th. The company reported ($2.28) earnings per share (EPS) for the quarter. The firm had revenue of $7.08 million during the quarter.

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.