MINISO Group Holding Limited (NYSE:MNSO) Sees Significant Decrease in Short Interest

MINISO Group Holding Limited (NYSE:MNSOGet Rating) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,910,000 shares, a decline of 29.5% from the March 31st total of 4,130,000 shares. Based on an average daily volume of 611,800 shares, the days-to-cover ratio is presently 4.8 days.

Separately, Zacks Investment Research downgraded shares of MINISO Group from a “hold” rating to a “sell” rating in a report on Friday, April 1st.

Shares of NYSE MNSO opened at $7.35 on Friday. The business has a fifty day moving average price of $8.23 and a two-hundred day moving average price of $10.75. The stock has a market capitalization of $2.23 billion, a PE ratio of 26.25 and a beta of 0.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.05 and a quick ratio of 1.69. MINISO Group has a fifty-two week low of $6.18 and a fifty-two week high of $27.22.

MINISO Group (NYSE:MNSOGet Rating) last issued its quarterly earnings results on Thursday, March 3rd. The company reported $0.12 EPS for the quarter. MINISO Group had a return on equity of 10.70% and a net margin of 5.67%. The company had revenue of $435.11 million for the quarter. During the same quarter in the previous year, the business posted $0.04 EPS.

Several large investors have recently modified their holdings of MNSO. Schroder Investment Management Group increased its stake in shares of MINISO Group by 22.0% in the 4th quarter. Schroder Investment Management Group now owns 10,763,324 shares of the company’s stock valued at $27,823,000 after purchasing an additional 1,938,072 shares during the last quarter. TT International Asset Management LTD boosted its stake in MINISO Group by 56.2% in the third quarter. TT International Asset Management LTD now owns 2,799,873 shares of the company’s stock valued at $42,670,000 after buying an additional 1,007,257 shares in the last quarter. FIL Ltd boosted its stake in MINISO Group by 33.3% in the third quarter. FIL Ltd now owns 1,972,826 shares of the company’s stock valued at $30,066,000 after buying an additional 492,824 shares in the last quarter. Goldman Sachs Group Inc. grew its position in MINISO Group by 16.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,627,113 shares of the company’s stock valued at $16,824,000 after acquiring an additional 224,610 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new position in MINISO Group during the third quarter worth about $20,651,000. Institutional investors own 15.52% of the company’s stock.

MINISO Group Company Profile (Get Rating)

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products in China, Asia, the Americas, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.

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