Minim, Inc. (NASDAQ:MINM) Sees Significant Growth in Short Interest

Minim, Inc. (NASDAQ:MINM – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 236,000 shares, a growth of 56.4% from the April 15th total of 150,900 shares. Based on an average daily volume of 114,500 shares, the short-interest ratio is currently 2.1 days. Approximately 1.0% of the company’s shares are short sold.

Shares of Minim stock traded down $0.02 on Friday, hitting $0.54. The stock had a trading volume of 61,704 shares, compared to its average volume of 86,733. Minim has a one year low of $0.54 and a one year high of $5.28. The stock has a market cap of $25.10 million, a price-to-earnings ratio of -4.19 and a beta of 0.25. The stock’s 50-day simple moving average is $0.76 and its two-hundred day simple moving average is $1.13.

Minim (NASDAQ:MINM – Get Rating) last released its quarterly earnings results on Thursday, March 31st. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $10.48 million during the quarter, compared to the consensus estimate of $17.77 million. Minim had a negative net margin of 10.39% and a negative return on equity of 41.96%. During the same quarter last year, the firm earned ($0.03) EPS. On average, equities analysts anticipate that Minim will post -0.14 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in Minim in the first quarter valued at $692,000. B. Riley Asset Management LLC bought a new stake in Minim in the fourth quarter valued at $151,000. Northern Trust Corp boosted its holdings in Minim by 93.1% in the fourth quarter. Northern Trust Corp now owns 33,455 shares of the company’s stock valued at $42,000 after acquiring an additional 16,129 shares in the last quarter. Clear Street LLC purchased a new position in Minim during the fourth quarter valued at $44,000. Finally, Millennium Management LLC purchased a new position in Minim during the third quarter valued at $36,000. Institutional investors and hedge funds own 6.04% of the company’s stock.

Separately, Zacks Investment Research cut shares of Minim from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th.

Minim Company Profile (Get Rating)

Minim, Inc, together with its subsidiaries, designs, develops, sells, and supports an Internet of Things security platform in North America and internationally. It offers hardware products, including cable modems, cable modem/routers, gateways, mobile broadband modems, wireless routers, multimedia over coax adapters, mesh home networking devices, and other local area network products.

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