Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Decreases By 80.1%

Mint Incorporation Limited (NASDAQ:MIMIGet Free Report) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,880 shares, a decline of 80.1% from the May 31st total of 74,768 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 77,511 shares, the days-to-cover ratio is presently 0.2 days.

Mint Incorporation Stock Down 14.9%

MIMI traded down $0.48 on Friday, hitting $2.75. The company had a trading volume of 625,372 shares, compared to its average volume of 2,450,701. Mint Incorporation has a 1 year low of $2.22 and a 1 year high of $136.90. The company’s fifty day moving average price is $3.05 and its 200 day moving average price is $3.17.

Mint Incorporation (NASDAQ:MIMIGet Free Report) last announced its earnings results on Tuesday, March 31st. The company reported ($1.75) earnings per share for the quarter. The business had revenue of $0.49 million for the quarter.

Insider Activity at Mint Incorporation

In other Mint Incorporation news, CEO Hoi Lung Chan acquired 211,879 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $3.01 per share, for a total transaction of $637,755.79. Following the completion of the acquisition, the chief executive officer owned 474,379 shares of the company’s stock, valued at approximately $1,427,880.79. The trade was a 80.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Trading of Mint Incorporation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MIMI. Renaissance Technologies LLC acquired a new position in Mint Incorporation during the fourth quarter worth $90,000. Geode Capital Management LLC purchased a new stake in shares of Mint Incorporation during the second quarter worth $91,000. Jane Street Group LLC purchased a new stake in Mint Incorporation during the 1st quarter worth about $100,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Mint Incorporation during the third quarter worth approximately $151,000.

Mint Incorporation Company Profile

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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.

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