Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Up 143.4% in May

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant 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. Based on an average daily trading volume, of 401,544 shares, the days-to-cover ratio is currently 0.2 days. Approximately 3.2% of the shares of the company are sold short.

Insider Buying and Selling at Mint Incorporation

In other news, CEO Hoi Lung Chan bought 211,879 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was bought at an average price of $3.01 per share, with a total value of $637,755.79. Following the completion of the acquisition, the chief executive officer owned 474,379 shares of the company’s stock, valued at $1,427,880.79. This represents a 80.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Mint Incorporation

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC acquired a new stake in shares of Mint Incorporation during the second quarter worth $91,000. Jane Street Group LLC acquired a new stake in shares of Mint Incorporation during the first quarter worth $100,000. Citadel Advisors LLC acquired a new stake in shares of Mint Incorporation during the third quarter worth $151,000. Finally, Renaissance Technologies LLC acquired a new position in Mint Incorporation in the fourth quarter valued at about $90,000.

Mint Incorporation Stock Down 1.8%

Shares of MIMI traded down $0.05 during midday trading on Friday, reaching $2.77. 22,542 shares of the stock were exchanged, compared to its average volume of 225,523. Mint Incorporation has a twelve month low of $2.22 and a twelve month high of $136.90. The stock’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $3.34.

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

About Mint Incorporation

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.