MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Short Interest Update

Key Points

• MINISO Group Holding Limited reported a significant increase in short interest, rising by 28.1% to a total of 5,560,000 shares as of August 31st.
• The company's most recent earnings showed an EPS of $0.22, missing expectations of $1.74, along with revenue significantly below forecasts at $692.93 million.
• Recent analyst reports have upgraded MNSO's rating, with Bank of America changing it from "underperform" to "neutral," indicating positive sentiment towards the stock.

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO - Get Free Report) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 5,560,000 shares, an increase of 28.1% from the August 15th total of 4,340,000 shares. Approximately 6.8% of the shares of the stock are short sold. Based on an average trading volume of 869,000 shares, the short-interest ratio is currently 6.4 days. Based on an average trading volume of 869,000 shares, the short-interest ratio is currently 6.4 days. Approximately 6.8% of the shares of the stock are short sold.

MINISO Group Price Performance

Shares of MINISO Group stock traded up $0.26 during trading on Wednesday, hitting $25.07. 934,774 shares of the stock traded hands, compared to its average volume of 1,430,115. The firm's fifty day moving average is $21.45 and its 200-day moving average is $19.39. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.66 and a beta of 0.18. MINISO Group has a 52 week low of $12.51 and a 52 week high of $27.71. The company has a quick ratio of 1.50, a current ratio of 1.92 and a debt-to-equity ratio of 0.71.

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

MINISO Group Cuts Dividend

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

Wall Street Analyst Weigh In

MNSO has been the subject of a number of recent analyst reports. Bank of America upgraded shares of MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $20.00 price objective on shares of MINISO Group in a research note on Tuesday, May 27th. Dbs Bank upgraded MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group upgraded MINISO Group from a "hold" rating to a "buy" rating and lifted their price target for the company from $18.50 to $26.20 in a research report 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.86.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Marshall Wace LLP boosted its holdings in MINISO Group by 131.1% during the 2nd quarter. Marshall Wace LLP now owns 1,776,960 shares of the company's stock valued at $32,376,000 after acquiring an additional 1,008,048 shares during the period. Serenity Capital Management PTE. LTD. lifted its position in 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 valued at $21,093,000 after purchasing an additional 694,212 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of MINISO Group during the second quarter valued at approximately $3,803,000. Linden Advisors LP bought a new position in shares of MINISO Group in the first quarter worth approximately $1,566,000. Finally, Two Sigma Investments LP purchased a new position in shares of MINISO Group in the fourth quarter worth $1,514,000. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Company Profile

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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