Ming Shing Group Holdings Ltd (NASDAQ:PMA) Short Interest Update

by · The Markets Daily

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on Ming Shing Group in a research note on Monday, August 24th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Analysis on PMA

Ming Shing Group Trading Up 7.4%

Shares of PMA traded up $0.09 during trading hours on Friday, reaching $1.31. The 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 – Get Free Report) last announced its quarterly earnings results on Saturday, August 15th. The company reported ($0.08) EPS for the quarter. The business had revenue of $3.10 million for the quarter.

About Ming Shing Group

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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.

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