Short Interest in Ming Shing Group Holdings Ltd (NASDAQ:PMA) Decreases By 61.9%

Ming Shing Group Holdings Ltd (NASDAQ:PMA) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 155,156 shares, a decline of 61.9% from the August 15th total of 407,334 shares. Based on an average trading volume of 38,489 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings initiated coverage on shares of Ming Shing Group in a report on Monday, August 24th. They issued a “sell (e+)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Ming Shing Group Stock Performance

Shares of NASDAQ PMA traded up $0.09 during midday trading on Friday, reaching $1.31. The company’s stock had a trading volume of 89,439 shares, compared to its average volume of 59,724. 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 issued its quarterly earnings results on Saturday, August 15th. The company reported ($0.08) EPS for the quarter. The company had revenue of $3.10 million during the quarter.

Ming Shing Group Company Profile

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.