Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Expands By 186.2%

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 356,539 shares, an increase of 186.2% from the August 15th total of 124,564 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 5,458,262 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Mint Incorporation

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new position in shares of Mint Incorporation in the 4th quarter valued at $90,000. Geode Capital Management LLC acquired a new stake in shares of Mint Incorporation during the second quarter worth $91,000. Jane Street Group LLC acquired a new stake in shares of Mint Incorporation during the first quarter worth $100,000. Finally, Citadel Advisors LLC bought a new stake in Mint Incorporation in the third quarter valued at about $151,000.

Mint Incorporation Price Performance

Mint Incorporation stock opened at $0.97 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.89 and a current ratio of 1.89. Mint Incorporation has a 1 year low of $0.61 and a 1 year high of $111.15. The company’s 50-day moving average is $1.76 and its two-hundred day moving average is $2.58.

Mint Incorporation (NASDAQ:MIMI) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.33) EPS for the quarter. The firm had revenue of ($0.96) million for the quarter.

Wall Street Analyst Weigh In

MIMI has been the topic of several research reports. Weiss Ratings downgraded Mint Incorporation from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, August 24th. Wall Street Zen raised Mint Incorporation from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

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.