Ming Shing Group Holdings Limited (NASDAQ:MSW) Short Interest Up 469.9% in January

Ming Shing Group Holdings Limited (NASDAQ:MSW) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 49,464 shares, an increase of 469.9% from the December 31st total of 8,679 shares. Based on an average daily trading volume, of 450,251 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are sold short. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 450,251 shares, the days-to-cover ratio is currently 0.1 days.

Ming Shing Group Price Performance

MSW stock remained flat at $1.13 during mid-day trading on Thursday. The company’s stock had a trading volume of 12,452 shares, compared to its average volume of 270,609. The firm’s 50 day simple moving average is $1.22 and its two-hundred day simple moving average is $1.89. Ming Shing Group has a 52-week low of $0.86 and a 52-week high of $8.78.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ming Shing Group in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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.