Mint Incorporation Limited (NASDAQ:MIMI) Sees Significant Decrease in Short Interest

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,009,502 shares, a decline of 18.9% from the February 26th total of 1,244,601 shares. Based on an average trading volume of 3,046,579 shares, the days-to-cover ratio is presently 0.3 days. Currently, 4.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mint Incorporation in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Mint Incorporation Stock Performance

NASDAQ MIMI traded down $0.00 on Wednesday, reaching $0.27. 53,362 shares of the stock traded hands, compared to its average volume of 5,612,421. Mint Incorporation has a 12 month low of $0.25 and a 12 month high of $13.69. The firm’s fifty day simple moving average is $0.31 and its 200 day simple moving average is $2.22.

Mint Incorporation (NASDAQ:MIMI) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.18) earnings per share for the quarter. The firm had revenue of $0.49 million during the quarter.

Institutional Investors Weigh In On Mint Incorporation

Several large investors have recently modified their holdings of MIMI. Renaissance Technologies LLC acquired a new position in shares of Mint Incorporation in the 4th quarter valued at about $90,000. Jane Street Group LLC increased its stake 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 buying an additional 13,671 shares during the period. Citadel Advisors LLC acquired a new position in Mint Incorporation in the 3rd quarter valued at approximately $151,000. Finally, Geode Capital Management LLC purchased a new stake in Mint Incorporation in the 2nd quarter worth approximately $91,000.

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.