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

Maison Solutions Inc. (NASDAQ:MSS) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 54,671 shares, a decrease of 53.2% from the September 30th total of 116,782 shares. Based on an average daily trading volume, of 71,566 shares, the days-to-cover ratio is presently 0.8 days. Currently, 13.3% of the company’s shares are short sold.

Maison Solutions Stock Down 10.9%

MSS traded down $0.12 during midday trading on Friday, reaching $1.02. The company’s stock had a trading volume of 105,286 shares, compared to its average volume of 1,353,443. The stock’s 50-day moving average is $1.52 and its 200-day moving average is $5.75. The company has a current ratio of 0.67, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $619,455.00, a price-to-earnings ratio of -0.04 and a beta of 4.07. Maison Solutions has a 1 year low of $1.00 and a 1 year high of $35.94.

Insider Buying and Selling

In related news, major shareholder Financial Lp Hrt sold 32,556 shares of Maison Solutions 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 directly owned 64,892 shares of the company’s stock, valued at $119,401.28. The trade was a 33.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 32.73% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSS has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Maison Solutions in a research note on Thursday, October 15th. Wall Street Zen upgraded Maison Solutions from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 29th. One research 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 stock 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 serving consumers seeking Asian food products and related grocery offerings in the United States. The company operates physical grocery stores that provide a mix of fresh produce, meat, seafood, packaged foods, beverages, household products and other everyday essentials.

Its stores also offer prepared foods and products tailored to Asian culinary preferences, including imported and regional ingredients that may be less widely available through conventional grocery chains.