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

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant increase in short interest in the month of 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 trading volume of 5,458,262 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Mint Incorporation from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings downgraded shares of Mint Incorporation from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new position in Mint Incorporation during the 3rd quarter worth about $151,000. Jane Street Group LLC increased its position in Mint Incorporation by 71.5% in the 2nd quarter. Jane Street Group LLC now owns 32,803 shares of the company’s stock valued at $217,000 after acquiring an additional 13,671 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Mint Incorporation in the 2nd quarter valued at about $91,000. Finally, Renaissance Technologies LLC bought a new position in shares of Mint Incorporation in the fourth quarter worth about $90,000.

Mint Incorporation Price Performance

NASDAQ MIMI opened at $0.97 on Friday. Mint Incorporation has a one year low of $0.61 and a one year high of $111.15. The stock’s 50 day simple moving average is $1.76 and its 200 day simple moving average is $2.58. 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 (NASDAQ:MIMI) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.33) earnings per share (EPS) for the quarter. The business had revenue of ($0.96) million during the quarter.

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.