MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Sees Significant Drop in Short Interest

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 2,317,882 shares, a decline of 12.8% from the January 15th total of 2,658,148 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average trading volume of 491,965 shares, the short-interest ratio is currently 4.7 days. Based on an average trading volume of 491,965 shares, the short-interest ratio is currently 4.7 days. Currently, 2.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

MNSO has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft assumed coverage on MINISO Group in a report on Tuesday, November 25th. They issued a “buy” rating and a $23.00 price target for the company. Finally, Zacks Research raised shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.13.

Institutional Investors Weigh In On MINISO Group

Several institutional investors and hedge funds have recently modified their holdings of MNSO. Ameriprise Financial Inc. lifted its stake in MINISO Group by 3.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 15,268 shares of the company’s stock worth $344,000 after acquiring an additional 498 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of MINISO Group by 28.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,480 shares of the company’s stock worth $56,000 after purchasing an additional 547 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of MINISO Group by 0.4% in the second quarter. American Century Companies Inc. now owns 133,224 shares of the company’s stock valued at $2,427,000 after purchasing an additional 595 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of MINISO Group by 37.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company’s stock valued at $41,000 after purchasing an additional 608 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in MINISO Group by 1.4% during the 4th quarter. Quadrant Capital Group LLC now owns 42,897 shares of the company’s stock worth $804,000 after buying an additional 609 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Up 0.5%

Shares of MNSO stock opened at $19.60 on Thursday. The company has a 50-day moving average of $19.39 and a two-hundred day moving average of $21.08. The firm has a market cap of $6.06 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.37 and a beta of 0.13. MINISO Group has a 1-year low of $13.94 and a 1-year high of $26.74. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.