Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Decreases By 86.8%

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 30,714 shares, a decline of 86.8% from the April 30th total of 233,322 shares. Based on an average daily trading volume, of 102,087 shares, the days-to-cover ratio is currently 0.3 days. Currently, 1.3% of the company’s shares are short sold.

Insider Activity at Mint Incorporation

In other news, CEO Hoi Lung Chan bought 211,879 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $3.01 per share, with a total value of $637,755.79. Following the completion of the purchase, the chief executive officer directly owned 474,379 shares in the company, valued at $1,427,880.79. This represents a 80.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

Institutional Trading of Mint Incorporation

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC purchased a new stake in Mint Incorporation in the fourth quarter worth $90,000. Geode Capital Management LLC purchased a new stake in Mint Incorporation in the second quarter worth $91,000. Jane Street Group LLC purchased a new stake in Mint Incorporation in the first quarter worth $100,000. Finally, Citadel Advisors LLC purchased a new stake in Mint Incorporation in the third quarter worth $151,000.

Mint Incorporation Stock Performance

MIMI stock traded up $0.23 on Friday, reaching $3.44. The company’s stock had a trading volume of 395,050 shares, compared to its average volume of 220,330. The business has a fifty day simple moving average of $3.04 and a two-hundred day simple moving average of $3.50. Mint Incorporation has a 12-month low of $2.22 and a 12-month high of $136.90.

Mint Incorporation (NASDAQ:MIMI) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($1.75) EPS for the quarter. The company had revenue of $0.49 million during the quarter.

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.