Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Up 329.9% in July

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

Analysts Set New Price Targets

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

Mint Incorporation Price Performance

Shares of MIMI traded down $0.04 during midday trading on Monday, reaching $1.92. The stock had a trading volume of 29,666 shares, compared to its average volume of 1,318,262. Mint Incorporation has a 1-year low of $1.79 and a 1-year high of $136.90. The company’s fifty day simple moving average is $2.76 and its two-hundred day simple moving average is $2.98.

Insider Transactions at Mint Incorporation

In other news, CEO Hoi Lung Chan bought 211,879 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $3.01 per share, for a total transaction of $637,755.79. Following the acquisition, the chief executive officer directly owned 474,379 shares of the company’s stock, valued at $1,427,880.79. The trade was a 80.72% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new stake in Mint Incorporation during the second quarter worth approximately $91,000. Jane Street Group LLC purchased a new position in Mint Incorporation in the first quarter valued at approximately $100,000. Citadel Advisors LLC acquired a new stake in Mint Incorporation during the 3rd quarter worth $151,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Mint Incorporation during the fourth quarter worth about $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.