The Collaborative International Dictionary of English v.0.48:
Stingy \Stin"gy\, a. [Compar. Stingier; superl. Stingiest.]
[Probably from sting, and meaning originally, stinging;
hence, biting, nipping (of the wind), churlish, avaricious;
or cf. E. skinch.]
Extremely close and covetous; meanly avaricious; niggardly;
miserly; penurious; as, a stingy churl.
A stingy, narrow-hearted fellow that had a deal of
choice fruit, had not the heart to touch it till it
began to be rotten. --L'estrange.