Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Update

Mint Incorporation Limited (NASDAQ:MIMI) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 299,774 shares, a growth of 329.9% from the June 30th total of 69,724 shares. Approximately 13.0% of the shares of the company are sold short. Based on an average daily trading volume, of 5,192,994 shares, the days-to-cover ratio is presently 0.1 days.

Mint Incorporation Stock Performance

NASDAQ MIMI opened at $1.96 on Friday. The firm’s fifty day moving average is $2.76 and its two-hundred day moving average is $2.99. Mint Incorporation has a one year low of $1.79 and a one year high of $136.90.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Mint Incorporation to a “sell” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Mint Incorporation currently has a consensus rating of “Sell”.

Insider Buying and Selling

In other news, CEO Hoi Lung Chan purchased 211,879 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $3.01 per share, with a total value of $637,755.79. Following the completion of the transaction, the chief executive officer directly owned 474,379 shares in the company, valued at approximately $1,427,880.79. This represents a 80.72% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Mint Incorporation

Several institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in Mint Incorporation during the 3rd quarter worth approximately $151,000. Jane Street Group LLC increased its holdings in shares of Mint Incorporation by 71.5% in the second quarter. Jane Street Group LLC now owns 32,803 shares of the company’s stock valued at $217,000 after purchasing an additional 13,671 shares during the period. Geode Capital Management LLC purchased a new stake in shares of Mint Incorporation during the second quarter worth approximately $91,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Mint Incorporation during the fourth quarter worth approximately $90,000.

Mint Incorporation Company Profile

Mint, Inc Ltd. is a company that engages in the provision of interior design and fit works. The company offers design services including layout plans and sketches presented in the form of 3d technical drawing and design and fit out services. The company was founded in 2018 and is headquartered in Hong Kong.