Mint Incorporation Limited (NASDAQ:MIMI) Sees Large Growth in Short Interest

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 69,724 shares, a growth of 368.6% from the June 15th total of 14,880 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,688,733 shares, the days-to-cover ratio is presently 0.0 days.

Mint Incorporation Price Performance

Shares of MIMI traded up $0.81 during midday trading on Monday, hitting $2.96. The company had a trading volume of 45,229,477 shares, compared to its average volume of 2,808,312. The company’s 50 day moving average price is $2.86 and its 200 day moving average price is $3.04. Mint Incorporation has a 52 week low of $1.97 and a 52 week high of $136.90.

Insider Transactions at Mint Incorporation

In related news, CEO Hoi Lung Chan acquired 211,879 shares of Mint Incorporation stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $3.01 per share, for a total transaction of $637,755.79. Following the purchase, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Mint Incorporation

Several hedge funds and other institutional investors have recently bought and sold shares of MIMI. Geode Capital Management LLC acquired a new stake in Mint Incorporation during the second quarter valued at approximately $91,000. Jane Street Group LLC acquired a new position in shares of Mint Incorporation in the 1st quarter worth approximately $100,000. Citadel Advisors LLC acquired a new position in shares of Mint Incorporation in the 3rd quarter worth approximately $151,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Mint Incorporation in the 4th quarter valued at approximately $90,000.

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.