Minim, Inc. (NASDAQ:FIEE) Sees Significant Growth in Short Interest

Minim, Inc. (NASDAQ:FIEE) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 107,327 shares, an increase of 777.6% from the January 29th total of 12,230 shares. Based on an average daily trading volume, of 660,113 shares, the days-to-cover ratio is presently 0.2 days. Currently, 7.9% of the company’s stock are short sold. Currently, 7.9% of the company’s stock are short sold. Based on an average daily trading volume, of 660,113 shares, the days-to-cover ratio is presently 0.2 days.

Minim Trading Down 6.7%

Minim stock traded down $0.46 during mid-day trading on Wednesday, hitting $6.42. 24,790 shares of the company’s stock were exchanged, compared to its average volume of 222,677. The stock has a market cap of $513,600.00, a P/E ratio of -1.21 and a beta of 1.81. Minim has a 1-year low of $0.33 and a 1-year high of $7.95. The stock has a 50 day moving average of $4.55 and a two-hundred day moving average of $3.28.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Minim in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Insider Activity

In related news, major shareholder Corporate Services Lt Elements bought 2,138,181 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average price of $1.29 per share, with a total value of $2,758,253.49. Following the purchase, the insider directly owned 3,119,830 shares of the company’s stock, valued at approximately $4,024,580.70. This represents a 217.82% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 51.90% of the stock is owned by company insiders.

About Minim

Minim, Inc (NASDAQ:FIEE) is a technology company specializing in network intelligence and security solutions for service providers, managed service providers (MSPs) and enterprise customers. The company’s core offering is a cloud-based platform that centralizes network management, device monitoring and automated troubleshooting across wired and wireless infrastructure. By leveraging machine learning and analytics, Minim aims to simplify onboarding, optimize performance and reduce operational costs for broadband providers and IT teams.

Minim’s software suite provides real-time visibility into network health, topology mapping and usage metrics, along with integrated security features designed to detect and block threats at the network edge.