Short Interest in Mint Incorporation Limited (NASDAQ:MIMI) Grows By 368.6%

Mint Incorporation Limited (NASDAQ:MIMI) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 69,724 shares, a growth of 368.6% from the June 15th total of 14,880 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 4,688,733 shares, the short-interest ratio is currently 0.0 days.

Mint Incorporation Stock Performance

MIMI opened at $2.96 on Tuesday. Mint Incorporation has a one year low of $1.97 and a one year high of $136.90. The company has a fifty day moving average price of $2.86 and a 200-day moving average price of $3.04.

Insider Transactions at Mint Incorporation

In other news, CEO Hoi Lung Chan bought 211,879 shares of the stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $3.01 per share, for a total transaction of $637,755.79. Following the purchase, the chief executive officer directly owned 474,379 shares of the company’s stock, valued at $1,427,880.79. This trade represents a 80.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Mint Incorporation

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC bought a new position in Mint Incorporation in the 4th quarter worth about $90,000. Jane Street Group LLC boosted its position in shares of Mint Incorporation by 71.5% during the 2nd quarter. Jane Street Group LLC now owns 32,803 shares of the company’s stock valued at $217,000 after acquiring an additional 13,671 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Mint Incorporation during the 3rd quarter valued at about $151,000. Finally, Geode Capital Management LLC purchased a new position in shares of Mint Incorporation during the second quarter worth about $91,000.

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.