Short Interest in MINISO Group Holding Limited (NYSE:MNSO) Increases By 60.3%

MINISO Group Holding Limited (NYSE:MNSO) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 6,860,000 shares, a growth of 60.3% from the September 30th total of 4,280,000 shares. Based on an average daily volume of 2,670,000 shares, the short-interest ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

MNSO has been the topic of several recent analyst reports. Citigroup assumed coverage on shares of MINISO Group in a research report on Friday, October 4th. They set a “buy” rating and a $26.80 price objective on the stock. Bank of America lowered shares of MINISO Group from a “buy” rating to an “underperform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price target (down previously from $27.00) on shares of MINISO Group in a report on Tuesday, September 24th. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, MINISO Group presently has a consensus rating of “Hold” and a consensus price target of $20.90.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MINISO Group during the second quarter worth approximately $26,000. Blue Trust Inc. raised its position in MINISO Group by 3,098.4% during the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after purchasing an additional 1,890 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of MINISO Group in the 1st quarter worth $93,000. Banque Cantonale Vaudoise bought a new position in shares of MINISO Group during the 2nd quarter worth $118,000. Finally, Bayesian Capital Management LP purchased a new position in shares of MINISO Group during the first quarter valued at $201,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.

MINISO Group Trading Down 3.5 %

NYSE MNSO traded down $0.64 during trading on Friday, hitting $17.41. The stock had a trading volume of 1,133,042 shares, compared to its average volume of 1,854,206. MINISO Group has a one year low of $12.51 and a one year high of $28.16. The stock has a 50 day simple moving average of $16.67 and a 200 day simple moving average of $18.97. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 0.72 and a beta of 0.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.93 and a current ratio of 2.38.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. Sell-side analysts predict that MINISO Group will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were paid a dividend of $0.274 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio is currently 49.06%.

MINISO Group Company Profile

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.