Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Rises By 329.9%

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 299,774 shares, a growth of 329.9% from the June 30th total of 69,724 shares. Currently, 13.0% of the shares of the company are short sold. Based on an average daily volume of 5,192,994 shares, the short-interest ratio is presently 0.1 days.

Mint Incorporation Price Performance

MIMI stock opened at $1.87 on Tuesday. The company’s fifty day moving average price is $2.74 and its 200-day moving average price is $2.97. Mint Incorporation has a one year low of $1.79 and a one year high of $136.90.

Insiders Place Their Bets

In related news, CEO Hoi Lung Chan bought 211,879 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought 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 owned 474,379 shares of the company’s stock, valued at approximately $1,427,880.79. This trade represents a 80.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Mint Incorporation

Several institutional investors and hedge funds have recently made changes to their positions in MIMI. Jane Street Group LLC increased its position in Mint Incorporation by 71.5% during the 2nd quarter. Jane Street Group LLC now owns 32,803 shares of the company’s stock valued at $217,000 after purchasing an additional 13,671 shares during the period. Geode Capital Management LLC purchased a new position in shares of Mint Incorporation in the 2nd quarter valued at $91,000. Citadel Advisors LLC bought a new position in shares of Mint Incorporation in the 3rd quarter worth $151,000. Finally, Renaissance Technologies LLC bought a new position in shares of Mint Incorporation in the 4th quarter worth $90,000.

Wall Street Analyst Weigh In

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

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.