Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Update

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 91,313 shares, a decrease of 69.5% from the July 15th total of 299,774 shares. Based on an average daily trading volume, of 123,418 shares, the short-interest ratio is presently 0.7 days. Approximately 4.5% of the shares of the stock are short sold.

Insider Activity at Mint Incorporation

In related news, CEO Hoi Lung Chan purchased 211,879 shares of the stock in a transaction 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 transaction, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Mint Incorporation

A number of hedge funds and other institutional investors have recently modified their holdings of MIMI. Renaissance Technologies LLC acquired a new stake in shares of Mint Incorporation in the 4th quarter valued at $90,000. Jane Street Group LLC raised its position in shares of Mint Incorporation by 71.5% during the second quarter. Jane Street Group LLC now owns 32,803 shares of the company’s stock worth $217,000 after acquiring an additional 13,671 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Mint Incorporation during the third quarter valued at $151,000. Finally, Geode Capital Management LLC acquired a new position in shares of Mint Incorporation during the second quarter valued at $91,000.

Analyst Upgrades and Downgrades

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

Mint Incorporation Stock Performance

MIMI opened at $1.96 on Thursday. Mint Incorporation has a 1-year low of $1.58 and a 1-year high of $136.90. The firm has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $2.85.

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.