Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Update

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

Insiders Place Their Bets

In other Mint Incorporation news, CEO Hoi Lung Chan bought 211,879 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average price 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 in the company, valued at $1,427,880.79. This trade represents a 80.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jane Street Group LLC raised its stake in shares of 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 buying an additional 13,671 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Mint Incorporation during the 2nd quarter valued at about $91,000. Citadel Advisors LLC acquired a new stake in shares of Mint Incorporation during the 3rd quarter valued at about $151,000. Finally, Renaissance Technologies LLC bought a new stake in Mint Incorporation in the fourth quarter valued at about $90,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Mint Incorporation to a “sell” rating in a research report on Saturday, July 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Mint Incorporation Stock Down 0.5%

Mint Incorporation stock opened at $1.96 on Thursday. The business has a 50 day moving average price of $2.38 and a two-hundred day moving average price of $2.85. Mint Incorporation has a 12 month low of $1.58 and a 12 month high of $136.90.

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.