Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Declines By 69.5%

Mint Incorporation Limited (NASDAQ:MIMI) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 91,313 shares, a decrease of 69.5% from the July 15th total of 299,774 shares. Approximately 4.5% of the shares of the company are sold short. Based on an average daily volume of 123,418 shares, the short-interest ratio is presently 0.7 days.

Mint Incorporation Trading Down 7.8%

Shares of MIMI stock traded down $0.17 during mid-day trading on Friday, reaching $2.00. The stock had a trading volume of 92,411 shares, compared to its average volume of 143,064. Mint Incorporation has a 12-month low of $1.58 and a 12-month high of $136.90. The business has a 50-day simple moving average of $2.34 and a 200 day simple moving average of $2.84.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Mint Incorporation to a “sell” rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other Mint Incorporation news, CEO Hoi Lung Chan acquired 211,879 shares of the stock in a transaction on Monday, May 18th. The shares were bought at an average cost of $3.01 per share, with a total value of $637,755.79. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Hedge Funds Weigh In On Mint Incorporation

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Mint Incorporation by 71.5% in the second 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 in the last quarter. Citadel Advisors LLC purchased a new position in shares of Mint Incorporation during the 3rd quarter worth approximately $151,000. Geode Capital Management LLC purchased a new position in shares of Mint Incorporation during the 2nd quarter worth approximately $91,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Mint Incorporation during the 4th quarter worth approximately $90,000.

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.