Mint Incorporation Limited (NASDAQ:MIMI) Sees Large Increase in Short Interest

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 74,768 shares, a growth of 143.4% from the May 14th total of 30,714 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 401,544 shares, the short-interest ratio is currently 0.2 days.

Insider Activity

In other news, CEO Hoi Lung Chan acquired 211,879 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were acquired at an average cost of $3.01 per share, with a total value of $637,755.79. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Institutional Trading of Mint Incorporation

Several hedge funds and other institutional investors have recently bought and sold shares of MIMI. Renaissance Technologies LLC purchased a new stake in Mint Incorporation during the 4th quarter valued at $90,000. Citadel Advisors LLC purchased a new stake in Mint Incorporation during the 3rd quarter valued at $151,000. Jane Street Group LLC purchased a new stake in Mint Incorporation during the 1st quarter valued at $100,000. Finally, Geode Capital Management LLC purchased a new stake in Mint Incorporation during the 2nd quarter valued at $91,000.

Mint Incorporation Stock Down 1.8%

Shares of MIMI traded down $0.05 during mid-day trading on Friday, hitting $2.77. 22,542 shares of the stock were exchanged, compared to its average volume of 225,523. Mint Incorporation has a 52-week low of $2.22 and a 52-week high of $136.90. The firm has a 50-day moving average of $3.07 and a two-hundred day moving average of $3.34.

Mint Incorporation (NASDAQ:MIMI) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($1.75) earnings per share (EPS) for the quarter. The firm had revenue of $0.49 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.