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

MINISO Group Holding Limited (NYSE:MNSO) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,750,000 shares, a decline of 16.7% from the March 15th total of 5,700,000 shares. Based on an average daily volume of 1,600,000 shares, the days-to-cover ratio is currently 3.0 days.

MINISO Group Trading Down 1.6 %

Shares of MNSO opened at $21.17 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.34 and a debt-to-equity ratio of 0.09. MINISO Group has a 12-month low of $14.46 and a 12-month high of $29.92. The firm has a market capitalization of $6.69 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 0.74 and a beta of 0.27. The stock’s fifty day simple moving average is $19.08 and its 200-day simple moving average is $21.65.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 25.43% and a net margin of 16.28%. The business had revenue of $541.04 million for the quarter. As a group, research analysts predict that MINISO Group will post 1.12 earnings per share for the current year.

MINISO Group Dividend Announcement

The company also recently declared a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.29 per share. This represents a dividend yield of 2%. The ex-dividend date was Wednesday, March 27th. MINISO Group’s dividend payout ratio (DPR) is presently 38.24%.

Hedge Funds Weigh In On MINISO Group

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its stake in MINISO Group by 95.3% in the third quarter. PNC Financial Services Group Inc. now owns 1,008 shares of the company’s stock valued at $26,000 after buying an additional 492 shares during the period. Avalon Trust Co acquired a new position in MINISO Group in the fourth quarter valued at about $26,000. Advisors Asset Management Inc. acquired a new position in MINISO Group in the third quarter valued at about $35,000. Macquarie Group Ltd. acquired a new position in MINISO Group in the first quarter valued at about $79,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in MINISO Group in the fourth quarter valued at about $108,000. Institutional investors and hedge funds own 17.16% of the company’s stock.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, 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.