Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Decreases By 80.1%

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 14,880 shares, a decrease of 80.1% from the May 31st total of 74,768 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 77,511 shares, the days-to-cover ratio is presently 0.2 days.

Insider Buying and Selling

In other Mint Incorporation news, CEO Hoi Lung Chan bought 211,879 shares of the business’s stock in a transaction on Monday, May 18th. The stock was purchased at an average price of $3.01 per share, for a total transaction of $637,755.79. Following the completion of the transaction, the chief executive officer directly owned 474,379 shares of the company’s stock, valued at $1,427,880.79. This trade represents a 80.72% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Mint Incorporation

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

Mint Incorporation Trading Down 14.9%

MIMI stock traded down $0.48 during midday trading on Friday, reaching $2.75. 625,372 shares of the company’s stock traded hands, compared to its average volume of 2,439,211. The company has a 50-day moving average price of $3.05 and a two-hundred day moving average price of $3.18. Mint Incorporation has a 52 week low of $2.22 and a 52 week high of $136.90.

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

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.