Ming Shing Group Holdings Limited (NASDAQ:MSW) Sees Significant Growth in Short Interest

Ming Shing Group Holdings Limited (NASDAQ:MSW) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 22,095 shares, a growth of 406.2% from the January 29th total of 4,365 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 128,957 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 128,957 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Ming Shing Group Price Performance

MSW stock traded down $0.01 during trading on Friday, reaching $1.12. 122,749 shares of the company traded hands, compared to its average volume of 101,610. The business has a 50 day simple moving average of $1.05 and a 200 day simple moving average of $1.70. Ming Shing Group has a 12 month low of $0.60 and a 12 month high of $8.11.

About Ming Shing Group

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.