Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Declines By 18.9%

Mint Incorporation Limited (NASDAQ:MIMI) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,009,502 shares, a drop of 18.9% from the February 26th total of 1,244,601 shares. Currently, 4.4% of the shares of the company are short sold. Based on an average daily volume of 3,046,579 shares, the days-to-cover ratio is presently 0.3 days.

Mint Incorporation Trading Up 2.2%

MIMI stock traded up $0.01 during trading on Tuesday, reaching $0.27. 195,043 shares of the company’s stock were exchanged, compared to its average volume of 1,681,228. Mint Incorporation has a 1-year low of $0.25 and a 1-year high of $13.69. The company’s fifty day moving average price is $0.31 and its 200-day moving average price is $2.22.

Mint Incorporation (NASDAQ:MIMI) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.18) EPS for the quarter. The firm had revenue of $0.49 million during the quarter.

Institutional Trading of Mint Incorporation

A number of hedge funds and other institutional investors have recently made changes to their positions in MIMI. Geode Capital Management LLC acquired a new stake in shares of Mint Incorporation in the 2nd quarter worth approximately $91,000. Jane Street Group LLC bought a new stake in Mint Incorporation during the first quarter worth approximately $100,000. Citadel Advisors LLC acquired a new stake in Mint Incorporation in the third quarter worth approximately $151,000. Finally, Renaissance Technologies LLC acquired a new stake in Mint Incorporation in the fourth quarter worth approximately $90,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Mint Incorporation in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Mint Incorporation Company Profile

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.