Short Interest in Masonglory Limited (NASDAQ:MSGY) Drops By 16.0%

Masonglory Limited (NASDAQ:MSGY) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 100,164 shares, a decrease of 16.0% from the February 26th total of 119,278 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 326,835 shares, the short-interest ratio is currently 0.3 days.

Masonglory Stock Up 4.8%

NASDAQ:MSGY traded up $0.02 during trading hours on Wednesday, hitting $0.48. 45,629 shares of the stock were exchanged, compared to its average volume of 921,165. The company’s 50 day moving average is $1.13 and its two-hundred day moving average is $3.22. Masonglory has a twelve month low of $0.36 and a twelve month high of $22.20.

Masonglory (NASDAQ:MSGY) last released its earnings results on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. The firm had revenue of $4.70 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Masonglory in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Masonglory

An institutional investor recently raised its position in Masonglory stock. Quadrature Capital Ltd boosted its position in shares of Masonglory Limited (NASDAQ:MSGY) by 501.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,209 shares of the company’s stock after purchasing an additional 159,428 shares during the quarter. Quadrature Capital Ltd owned about 1.34% of Masonglory worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

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.