Short Interest in Ming Shing Group Holdings Ltd (NASDAQ:PMA) Increases By 90.9%

Ming Shing Group Holdings Ltd (NASDAQ:PMA) was the target of a significant increase in short interest during 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. Currently, 3.1% of the shares of the company are sold short. Based on an average daily volume of 614,313 shares, the days-to-cover ratio is presently 0.7 days.

Ming Shing Group Stock Up 6.9%

NASDAQ:PMA traded up $0.08 during mid-day trading on Monday, hitting $1.24. 3,906 shares of the stock traded hands, compared to its average volume of 876,413. Ming Shing Group has a 12-month low of $0.60 and a 12-month high of $3.15.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on shares of Ming Shing Group in a research 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”.

About Ming Shing Group

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.