MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Sees Large Increase in Short Interest

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,487,781 shares, a growth of 15.4% from the February 12th total of 2,155,409 shares. Based on an average daily volume of 459,590 shares, the short-interest ratio is currently 5.4 days. Currently, 3.0% of the shares of the stock are sold short. Currently, 3.0% of the shares of the stock are sold short. Based on an average daily volume of 459,590 shares, the short-interest ratio is currently 5.4 days.

Institutional Trading of MINISO Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MNSO. Marshall Wace LLP increased its stake in MINISO Group by 131.1% in the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company’s stock valued at $32,376,000 after purchasing an additional 1,008,048 shares in the last quarter. Long Corridor Asset Management Ltd bought a new stake in shares of MINISO Group in the 3rd quarter valued at $2,368,000. Serenity Capital Management PTE. LTD. raised its stake in MINISO Group by 149.8% during the 2nd quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company’s stock worth $21,093,000 after buying an additional 694,212 shares during the period. Fox Run Management L.L.C. bought a new position in MINISO Group during the third quarter worth about $1,275,000. Finally, WFM ASIA BVI Ltd acquired a new position in MINISO Group in the third quarter valued at about $35,624,000. 17.16% of the stock is currently owned by institutional investors and hedge funds.

MINISO Group Trading Up 3.3%

NYSE:MNSO traded up $0.56 during trading hours on Tuesday, hitting $17.59. 296,262 shares of the stock were exchanged, compared to its average volume of 574,614. The company has a market capitalization of $5.44 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 1.18 and a beta of 0.16. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $18.76 and its two-hundred day moving average is $20.59. MINISO Group has a twelve month low of $13.94 and a twelve month high of $26.74.

Analyst Ratings Changes

Several analysts have recently weighed in on MNSO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of MINISO Group in a report on Tuesday, November 25th. They set a “buy” rating and a $23.00 price objective for the company. Zacks Research upgraded MINISO Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of MINISO Group in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.73.

About MINISO Group

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.