Short Interest in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Grows By 28.1%

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) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 5,560,000 shares, a growth of 28.1% from the August 15th total of 4,340,000 shares. Approximately 6.8% of the shares of the company are short sold. Based on an average trading volume of 869,000 shares, the days-to-cover ratio is presently 6.4 days. Based on an average trading volume of 869,000 shares, the days-to-cover ratio is presently 6.4 days. Approximately 6.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP boosted its stake in shares of MINISO Group by 131.1% during the second quarter. Marshall Wace LLP now owns 1,776,960 shares of the company's stock valued at $32,376,000 after purchasing an additional 1,008,048 shares during the period. Serenity Capital Management PTE. LTD. lifted its holdings in MINISO Group by 149.8% during the 2nd quarter. Serenity Capital Management PTE. LTD. now owns 1,157,662 shares of the company's stock worth $21,093,000 after buying an additional 694,212 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in MINISO Group during the 2nd quarter valued at approximately $3,803,000. Linden Advisors LP purchased a new position in MINISO Group during the 1st quarter valued at about $1,566,000. Finally, Two Sigma Investments LP purchased a new stake in shares of MINISO Group during the 4th quarter valued at $1,514,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on MNSO. Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research report on Thursday, August 21st. Dbs Bank raised shares of MINISO Group to a "moderate buy" rating in a research note on Friday, August 22nd. Jefferies Financial Group raised MINISO Group from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $18.50 to $26.20 in a report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $20.00 target price on shares of MINISO Group in a research report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, MINISO Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.86.

MINISO Group Trading Up 1.2%

Shares of MNSO stock traded up $0.30 during trading hours on Friday, reaching $25.07. 673,664 shares of the stock traded hands, compared to its average volume of 1,209,682. The company has a quick ratio of 1.50, a current ratio of 1.92 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $7.79 billion, a PE ratio of 23.43, a PEG ratio of 1.67 and a beta of 0.18. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The business has a fifty day moving average price of $21.73 and a 200 day moving average price of $19.45.

MINISO Group (NYSE:MNSO - Get Free Report) last posted its earnings results on Thursday, August 21st. The company reported $0.22 earnings per share 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 analyst estimates of $4.85 billion. MINISO Group had a return on equity of 22.60% and a net margin of 12.63%. On average, equities research analysts forecast that MINISO Group will post 1.19 EPS for the current year.

MINISO Group Cuts Dividend

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

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.