Mint Incorporation Limited (NASDAQ:MIMI) Short Interest Down 86.8% in May

Mint Incorporation Limited (NASDAQ:MIMI) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 30,714 shares, a decline of 86.8% from the April 30th total of 233,322 shares. Based on an average trading volume of 102,087 shares, the days-to-cover ratio is currently 0.3 days. Approximately 1.3% of the company’s stock are sold short.

Insider Buying and Selling

In other news, CEO Hoi Lung Chan purchased 211,879 shares of the stock in a transaction on Monday, May 18th. The stock was bought at an average price of $3.01 per share, for a total transaction of $637,755.79. Following the acquisition, the chief executive officer directly owned 474,379 shares of the company’s stock, valued at approximately $1,427,880.79. The trade was a 80.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Trading of Mint Incorporation

Several institutional investors have recently modified their holdings of MIMI. Renaissance Technologies LLC purchased a new stake in shares of Mint Incorporation during the 4th quarter worth approximately $90,000. Citadel Advisors LLC purchased a new stake in shares of Mint Incorporation during the 3rd quarter worth approximately $151,000. Jane Street Group LLC purchased a new stake in shares of Mint Incorporation during the 1st quarter worth approximately $100,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Mint Incorporation during the 2nd quarter worth approximately $91,000.

Mint Incorporation Trading Down 6.3%

NASDAQ MIMI traded down $0.22 on Thursday, hitting $3.30. 1,918,297 shares of the stock were exchanged, compared to its average volume of 785,877. Mint Incorporation has a fifty-two week low of $2.22 and a fifty-two week high of $136.90. The company has a 50-day moving average price of $3.03 and a 200-day moving average price of $3.54.

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