Ming Shing Group Holdings Ltd (NASDAQ:PMA) Sees Large Increase in Short Interest

Ming Shing Group Holdings Ltd (NASDAQ:PMA) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 407,334 shares, an increase of 90.9% from the July 30th total of 213,324 shares. Based on an average trading volume of 614,313 shares, the short-interest ratio is currently 0.7 days. Approximately 3.1% of the company’s stock are sold short.

Analyst Ratings Changes

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

Ming Shing Group Stock Performance

Shares of PMA stock opened at $1.20 on Tuesday. Ming Shing Group has a 1 year low of $0.60 and a 1 year high of $3.15.

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

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.