Minim, Inc. (NASDAQ:MINM) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 152,300 shares, an increase of 150.9% from the September 15th total of 60,700 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 543,300 shares, the short-interest ratio is currently 0.3 days.
Several research firms have recently commented on MINM. Zacks Investment Research upgraded shares of Minim from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research note on Thursday, October 7th. B. Riley began coverage on Minim in a report on Friday, August 6th. They issued a “buy” rating and a $4.00 price objective on the stock.
NASDAQ MINM traded up $0.01 during trading on Thursday, hitting $1.56. The stock had a trading volume of 68,063 shares, compared to its average volume of 194,768. The firm has a 50 day moving average price of $2.06 and a 200 day moving average price of $2.78. The company has a market capitalization of $71.50 million, a PE ratio of -14.18 and a beta of 0.14. Minim has a twelve month low of $1.55 and a twelve month high of $5.70.
In related news, CFO Sean Patrick Doherty acquired 20,000 shares of the stock in a transaction dated Thursday, July 29th. The shares were purchased at an average cost of $2.50 per share, with a total value of $50,000.00. Following the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at $50,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joshua Horowitz acquired 40,000 shares of the stock in a transaction dated Thursday, July 29th. The shares were bought at an average cost of $2.50 per share, for a total transaction of $100,000.00. Following the completion of the transaction, the director now owns 7,286 shares in the company, valued at $18,215. The disclosure for this purchase can be found here. In the last quarter, insiders bought 286,198 shares of company stock worth $707,641. Company insiders own 61.90% of the company’s stock.
A hedge fund recently bought a new stake in Minim stock. Gilman Hill Asset Management LLC bought a new stake in Minim, Inc. (NASDAQ:MINM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,988 shares of the company’s stock, valued at approximately $46,000. Gilman Hill Asset Management LLC owned 0.05% of Minim as of its most recent filing with the Securities & Exchange Commission.
Minim Company Profile
Minim, Inc is the creator of intelligent networking products that dependably connect people to the information they need and the people they love. The company delivers smart software-driven communications products under the globally recognized Motorola brand and ZOOM trademark. Minim end users benefit from a personalized and secure WiFi experience, leads to happy and safe homes where things just work.
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