Mint Incorporation Limited (NASDAQ:MIMI) Sees Large Increase in Short Interest

Mint Incorporation Limited (NASDAQ:MIMI) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 74,768 shares, a growth of 143.4% from the May 14th total of 30,714 shares. Based on an average daily trading volume, of 401,544 shares, the short-interest ratio is presently 0.2 days. Approximately 3.2% of the company’s shares are short sold.

Mint Incorporation Stock Performance

NASDAQ:MIMI traded down $0.05 on Friday, reaching $2.77. The stock had a trading volume of 22,542 shares, compared to its average volume of 225,523. The company has a 50-day moving average of $3.07 and a 200 day moving average of $3.34. Mint Incorporation has a 12-month low of $2.22 and a 12-month high of $136.90.

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

Insiders Place Their Bets

In other Mint Incorporation news, CEO Hoi Lung Chan purchased 211,879 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $3.01 per share, with a total value of $637,755.79. Following the transaction, the chief executive officer owned 474,379 shares in the company, valued at approximately $1,427,880.79. This trade represents a 80.72% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC bought a new stake in Mint Incorporation during the fourth quarter worth approximately $90,000. Citadel Advisors LLC bought a new stake in Mint Incorporation during the third quarter worth approximately $151,000. Jane Street Group LLC boosted its holdings in Mint Incorporation by 71.5% during the second quarter. Jane Street Group LLC now owns 32,803 shares of the company’s stock worth $217,000 after buying an additional 13,671 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new position in Mint Incorporation in the 2nd quarter worth approximately $91,000.

About Mint Incorporation

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.