Minim, Inc. (NASDAQ:FIEE) Short Interest Down 38.4% in March

Minim, Inc. (NASDAQ:FIEE) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 23,193 shares, a drop of 38.4% from the February 26th total of 37,640 shares. Based on an average trading volume of 18,570 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.7% of the company’s stock are short sold.

Insider Transactions at Minim

In related news, major shareholder Corporate Services Lt Elements purchased 2,138,181 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was acquired at an average price of $1.29 per share, for a total transaction of $2,758,253.49. Following the purchase, the insider owned 3,119,830 shares of the company’s stock, valued at approximately $4,024,580.70. This trade represents a 217.82% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 51.90% of the company’s stock.

Minim Stock Performance

NASDAQ:FIEE traded down $0.14 on Friday, hitting $6.81. The stock had a trading volume of 6,447 shares, compared to its average volume of 147,672. Minim has a 1 year low of $0.46 and a 1 year high of $7.95. The firm’s fifty day simple moving average is $6.11 and its two-hundred day simple moving average is $3.87. The stock has a market cap of $544,800.00, a P/E ratio of -1.28 and a beta of 1.81.

Minim (NASDAQ:FIEE) last announced its earnings results on Friday, March 20th. The company reported $0.35 earnings per share for the quarter. The firm had revenue of $4.21 million for the quarter. Minim had a negative return on equity of 1,144.78% and a negative net margin of 105.18%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e)” rating on shares of Minim in a report on Monday, December 29th. Wall Street Zen raised Minim to a “buy” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Minim Company Profile

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.