Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Up 143.4% in May

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 74,768 shares, an increase of 143.4% from the May 14th total of 30,714 shares. Approximately 3.2% of the shares of the stock are short sold. Based on an average daily volume of 401,544 shares, the days-to-cover ratio is presently 0.2 days.

Mint Incorporation Stock Down 1.8%

MIMI stock traded down $0.05 during midday trading on Friday, reaching $2.77. The company had a trading volume of 22,542 shares, compared to its average volume of 225,523. The stock has a 50 day moving average price of $3.07 and a 200-day moving average price of $3.34. Mint Incorporation has a 1-year low of $2.22 and a 1-year high of $136.90.

Mint Incorporation (NASDAQ:MIMI) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($1.75) EPS for the quarter. The company had revenue of $0.49 million during the quarter.

Insider Buying and Selling

In related news, CEO Hoi Lung Chan purchased 211,879 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $3.01 per share, with a total value of $637,755.79. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in Mint Incorporation during the fourth quarter worth about $90,000. Geode Capital Management LLC acquired a new position in Mint Incorporation during the second quarter worth about $91,000. Jane Street Group LLC acquired a new position in Mint Incorporation during the first quarter worth about $100,000. Finally, Citadel Advisors LLC acquired a new position in Mint Incorporation during the third quarter worth about $151,000.

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.