There was a discernible decrease in the total amount of short interest in MINISO Group Holding Limited during September (NYSE: MNSO-Get Rating). As of September 15, a total of 6,470,000 shares were available for a short sale, but as of September 30, there were only 4,790,000 shares available for a short sale. As of September 15, there were a total of 6,470,000 shares available for a short sale. The current short-interest ratio is 6.2 days, calculated based on an average daily volume of 775,800 shares. The ratio determined this number.
The price of NYSE: MNSO increased by $0.01 during the trading session on Friday, reaching $5.01. There was a total trade of 15,065 shares of the company’s stock, which is a number that is considerably lower than the typical daily volume of trading, which is 648,936 shares. The company’s moving average stock price over the past 50 days is $5.75, and its moving average stock price over the past 200 days is $6.50. Currently, the debt-to-equity ratio stands at zero, the quick ratio stands at one, the current ratio stands at two, and the current ratio stands at 2.13. The MINISO Group hit an all-time low of $4.45 during its 52-week trading period, while the company reached an all-time high of $17.39 during the same period. Because of the company’s low beta value of 0.79, market value of $1.59 billion, price-to-earnings ratio of 16.13, price-to-earnings-growth ratio of 0.22, and price-to-earnings ratio of 0.22, company is in a precarious financial position.
In a research note distributed on July 13, Goldman Sachs Group decreased its price objective on MINISO Group from $12.20 to $11.90. The report includes a discussion of the revised price objective.
In addition, on September 9, a dividend that was just recently declared by the company and distributed to shareholders was also paid out by the company. The company paid this dividend out. On the previous Wednesday, August 31, shareholders on record were eligible to receive a dividend payment of $0.152 per share, distributed on the following Wednesday, September 1. On Tuesday, August 30, the taxable status of this payout was changed to “no longer subject to taxation.”
The number of hedge funds and other types of institutional investors has either increased or decreased the percentage of their holdings invested in the company over the past few months. The Healthcare of Ontario Pension Plan Trust Fund increased its holdings of MINISO Group shares by 9.4 percent in the first three months of 2018. The Healthcare of Ontario Pension Plan Trust Fund now holds 1,928,000 shares of the company’s stock after purchasing an additional 165,800 shares during the most recent period. The stock is currently valued at $15,038,000, and the trust fund has 1,928,000 shares of it. Qube Research & Technologies Ltd. increased the proportion of MINISO Group stock owned by 18.1% over the first three months of 2018. Following the acquisition of an additional 11,510 shares during the period covered by this report, Qube Research & Technologies Ltd now holds a total of 75,077 shares of the company’s stock, which has a combined value of $586,000 after taking into account their market values. Due to the company’s investment, UBS Group AG’s holdings in MINISO Group increased by 277.3% during the first three months of 2018. UBS Group AG now has a total of 7,645 shares of the company’s stock, valued at $60,000 after acquiring an additional 5,619 shares during the most recent quarter. Each share of the company’s stock has a value of $0. During the third quarter, Mackenzie Financial Corporation increased the proportion of MINISO Group shares it owned by 221.9%. Mackenzie Financial Corp has a total of 1,000,303 shares of the company’s stock, which has a value of $5,492,000 after the company purchased an additional 689,557 shares during the period. This brings the total number of shares that the company owns to a total of 1,000,303. In the second quarter, M&G Investment Management Ltd. increased the percentage of MINISO Group shares it owned by 12.8%, making this the last and most important point. After making an additional purchase of 83,355 shares during the most recent quarter, M&G Investment Management Ltd. now has 736,380 shares of the company’s stock in its possession. The amount of value can be attributed to M&G Investment Management Ltd.’s stock in the company. Institutional investors and hedge funds hold the company’s shares to 17.98% of the total.
MINISO Group Holding Limited, an investment holding company, is in charge of selling and distributing lifestyle goods across multiple continents, including China, Asia, the Americas, and Europe. MINISO Group Holding Limited’s operations cover these regions. The company sells various products, including home décor items, small electronics, textiles, accessories, toys, cosmetics, personal care items, snacks, fragrances, perfumes, stationery, and gifts. These products are sold under the brand names MINISO and WonderLife. In addition, the company sells a variety of well-known toys under the brand name “TOP-TOY. These toys include collectible dolls, toy bricks, model figures, model kits, Ichiban Kuji, and sculptures. Blind boxes are also one of the company’s most popular product lines.
Read More: Update on MINISO Group Holding Limited (NYSE:MNSO) Short Interest