Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Down 86.8% in May

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 30,714 shares, a decline of 86.8% from the April 30th total of 233,322 shares. Based on an average daily trading volume, of 102,087 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.3% of the shares of the company are short sold.

Insiders Place Their Bets

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

Institutional Trading of Mint Incorporation

Several institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in Mint Incorporation in the 4th quarter valued at $90,000. Jane Street Group LLC raised its position in Mint Incorporation by 71.5% in 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 last quarter. Citadel Advisors LLC purchased a new position in Mint Incorporation during the 3rd quarter worth $151,000. Finally, Geode Capital Management LLC acquired a new position in Mint Incorporation during the second quarter worth $91,000.

Mint Incorporation Stock Down 6.3%

MIMI stock traded down $0.22 on Thursday, hitting $3.30. The company’s stock had a trading volume of 1,918,297 shares, compared to its average volume of 785,877. The firm has a 50 day moving average of $3.03 and a two-hundred day moving average of $3.54. Mint Incorporation has a 1 year low of $2.22 and a 1 year high of $136.90.

Mint Incorporation (NASDAQ:MIMI) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($1.75) EPS for the quarter. The company had revenue of $0.49 million for the quarter.

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.