Mint Incorporation Limited (NASDAQ:MIMI) Sees Significant Growth in Short Interest

Key Points

• Mint Incorporation Limited (NASDAQ:MIMI) experienced a significant increase in short interest, growing by 76.0% in September, with 1,560,000 shares sold short as of September 30th.
• Analysts have mixed views on MIMI, with Wall Street Zen upgrading the stock to a "hold" rating and Weiss Ratings maintaining a "sell (d-)" rating, resulting in a consensus rating of "Sell."
• Geode Capital Management LLC has taken a new position in Mint Incorporation, acquiring 13,794 shares valued at approximately $91,000, indicating increasing institutional interest in the stock.

Mint Incorporation Limited (NASDAQ:MIMI - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 1,560,000 shares, a growth of 76.0% from the September 15th total of 886,600 shares. Approximately 12.4% of the shares of the stock are sold short. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 1.2 days. Approximately 12.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several analysts have recently commented on MIMI shares. Wall Street Zen upgraded shares of Mint Incorporation to a "hold" rating in a research report on Saturday, October 11th. Weiss Ratings restated a "sell (d-)" rating on shares of Mint Incorporation in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".

Hedge Funds Weigh In On Mint Incorporation

An institutional investor recently bought a new position in Mint Incorporation stock. Geode Capital Management LLC acquired a new position in Mint Incorporation Limited (NASDAQ:MIMI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,794 shares of the company's stock, valued at approximately $91,000. Geode Capital Management LLC owned approximately 0.06% of Mint Incorporation as of its most recent SEC filing.

Mint Incorporation Stock Performance

Shares of NASDAQ:MIMI traded up $0.11 on Tuesday, reaching $7.13. The company's stock had a trading volume of 170,853 shares, compared to its average volume of 825,386. Mint Incorporation has a 52-week low of $3.36 and a 52-week high of $13.69. The company has a 50-day simple moving average of $7.99 and a 200 day simple moving average of $6.68.

Mint Incorporation Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.