MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Sees Significant Decrease in Short Interest

Key Points

• MINISO Group Holding Limited (NYSE:MNSO) experienced a significant decrease in short interest, dropping by 38.0% in September, with total short interest at 3.6 million shares as of September 30th.
• Recently, several institutional investors increased their stakes in MINISO Group, including Marshall Wace LLP, which raised its holdings by 131.1%.
• MINISO Group reported a missed earnings estimate of $0.22 EPS for the last quarter, significantly below analysts' expectations of $1.74 EPS.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 3,600,000 shares, a drop of 38.0% from the September 15th total of 5,810,000 shares. Based on an average daily trading volume, of 946,100 shares, the short-interest ratio is presently 3.8 days. Based on an average daily trading volume, of 946,100 shares, the short-interest ratio is presently 3.8 days.

Institutional Trading of MINISO Group

A number of large investors have recently added to or reduced their stakes in the stock. Vident Advisory LLC increased its holdings in MINISO Group by 18.0% during the second quarter. Vident Advisory LLC now owns 29,127 shares of the company's stock worth $531,000 after buying an additional 4,447 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in MINISO Group during the second quarter worth about $3,803,000. Quantinno Capital Management LP increased its holdings in MINISO Group by 72.8% during the second quarter. Quantinno Capital Management LP now owns 34,806 shares of the company's stock worth $634,000 after buying an additional 14,665 shares during the last quarter. Marshall Wace LLP increased its holdings in MINISO Group by 131.1% during the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company's stock worth $32,376,000 after buying an additional 1,008,048 shares during the last quarter. Finally, Serenity Capital Management PTE. LTD. increased its stake in shares of MINISO Group by 149.8% in the second quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company's stock worth $21,093,000 after purchasing an additional 694,212 shares in the last quarter. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Stock Down 0.1%

Shares of MNSO traded down $0.02 during trading hours on Wednesday, reaching $21.85. 637,246 shares of the stock traded hands, compared to its average volume of 1,066,796. The company has a current ratio of 1.92, a quick ratio of 1.50 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $23.26 and a 200 day simple moving average of $19.89. MINISO Group has a 52 week low of $13.94 and a 52 week high of $27.71. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.40 and a beta of 0.16.

MINISO Group (NYSE:MNSO - Get Free Report) last released its quarterly earnings results on Thursday, August 21st. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52). MINISO Group had a net margin of 12.63% and a return on equity of 22.60%. The firm had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion. On average, equities analysts forecast that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Cuts Dividend

The business also recently disclosed a -- dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were issued a dividend of $0.2896 per share. This represents a yield of 236.0%. The ex-dividend date was Friday, September 5th. MINISO Group's dividend payout ratio (DPR) is 52.34%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MNSO. Dbs Bank raised shares of MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Bank of America raised shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of MINISO Group in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group raised shares of MINISO Group from a "hold" rating to a "buy" rating and raised their price objective for the company from $18.50 to $26.20 in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.38.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.

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