Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Decreases By 69.5%

Mint Incorporation Limited (NASDAQ:MIMIGet Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 91,313 shares, a drop of 69.5% from the July 15th total of 299,774 shares. Currently, 4.5% of the company’s shares are sold short. Based on an average trading volume of 123,418 shares, the short-interest ratio is presently 0.7 days.

Mint Incorporation Stock Down 7.8%

Shares of Mint Incorporation stock traded down $0.17 during trading on Friday, reaching $2.00. 92,411 shares of the company were exchanged, compared to its average volume of 143,064. Mint Incorporation has a twelve month low of $1.58 and a twelve month high of $136.90. The business has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.84.

Insider Buying and Selling

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

Hedge Funds Weigh In On Mint Incorporation

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new stake in shares of Mint Incorporation in the 2nd quarter valued at approximately $91,000. Jane Street Group LLC bought a new stake in Mint Incorporation in the first quarter valued at approximately $100,000. Citadel Advisors LLC bought a new stake in Mint Incorporation in the third quarter valued at approximately $151,000. Finally, Renaissance Technologies LLC acquired a new stake in Mint Incorporation in the fourth quarter worth $90,000.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on MIMI

About Mint Incorporation

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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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