Maison Solutions Inc. (NASDAQ:MSS) Sees Large Increase in Short Interest

Maison Solutions Inc. (NASDAQ:MSS) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 116,782 shares, an increase of 174.9% from the September 15th total of 42,475 shares. Based on an average daily trading volume, of 8,926,458 shares, the days-to-cover ratio is currently 0.0 days. Currently, 28.5% of the company’s stock are short sold.

Insiders Place Their Bets

In other Maison Solutions news, major shareholder Financial Lp Hrt sold 32,556 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $1.84, for a total value of $59,903.04. Following the transaction, the insider owned 64,892 shares in the company, valued at approximately $119,401.28. This represents a 33.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 32.73% of the company’s stock.

Maison Solutions Stock Down 4.8%

MSS stock traded down $0.07 during mid-day trading on Wednesday, reaching $1.48. 29,684 shares of the company traded hands, compared to its average volume of 1,432,542. The stock has a market cap of $899,750.00, a price-to-earnings ratio of -0.06 and a beta of 4.07. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 0.96. Maison Solutions has a fifty-two week low of $1.24 and a fifty-two week high of $40.89. The firm’s 50 day moving average price is $1.57 and its 200 day moving average price is $3.65.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on MSS. Weiss Ratings restated a “sell (e+)” rating on shares of Maison Solutions in a report on Friday, July 17th. Wall Street Zen raised shares of Maison Solutions from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $162.50.

Maison Solutions Company Profile

Maison Solutions, Inc is a specialty grocery retailer focused on providing Asian food products and related grocery offerings to consumers in the United States. Its merchandise includes fresh produce, meat, seafood, dairy products, packaged foods, beverages and other items commonly found in Asian cuisines.

The company operates physical grocery stores and serves customers through an omnichannel retail model that may include in-store shopping and digital ordering services. Its stores primarily target Asian American communities while also serving consumers seeking international and specialty foods.

Maison Solutions is headquartered in California and has built its business around grocery retailing in the U.S.