Minim, Inc. (NASDAQ:FIEE) Sees Large Decline in Short Interest

Minim, Inc. (NASDAQ:FIEE) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 23,193 shares, a drop of 38.4% from the February 26th total of 37,640 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily volume of 18,570 shares, the short-interest ratio is presently 1.2 days.

Insiders Place Their Bets

In other Minim news, major shareholder Corporate Services Lt Elements acquired 2,138,181 shares of the stock in a transaction on Tuesday, February 10th. The shares were bought at an average price of $1.29 per share, with a total value of $2,758,253.49. Following the acquisition, the insider owned 3,119,830 shares of the company’s stock, valued at $4,024,580.70. This trade represents a 217.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 51.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FIEE shares. Wall Street Zen upgraded Minim to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Minim in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Minim Trading Down 1.8%

Shares of NASDAQ FIEE traded down $0.13 during trading on Friday, reaching $6.83. The company had a trading volume of 6,143 shares, compared to its average volume of 147,667. Minim has a twelve month low of $0.46 and a twelve month high of $7.95. The stock has a 50-day moving average price of $6.05 and a two-hundred day moving average price of $3.84. The stock has a market capitalization of $546,000.00, a PE ratio of -1.29 and a beta of 1.81.

Minim (NASDAQ:FIEE) last posted its quarterly earnings data on Friday, March 20th. The company reported $0.35 EPS for the quarter. The business had revenue of $4.21 million for the quarter. Minim had a negative return on equity of 1,144.78% and a negative net margin of 105.18%.

About Minim

Minim, Inc (NASDAQ:FIEE) is a technology company specializing in network intelligence and security solutions for service providers, managed service providers (MSPs) and enterprise customers. The company’s core offering is a cloud-based platform that centralizes network management, device monitoring and automated troubleshooting across wired and wireless infrastructure. By leveraging machine learning and analytics, Minim aims to simplify onboarding, optimize performance and reduce operational costs for broadband providers and IT teams.

Minim’s software suite provides real-time visibility into network health, topology mapping and usage metrics, along with integrated security features designed to detect and block threats at the network edge.