Short Interest in MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Declines By 12.8%

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 2,317,882 shares, a drop of 12.8% from the January 15th total of 2,658,148 shares. Based on an average daily volume of 491,965 shares, the days-to-cover ratio is presently 4.7 days. Currently, 2.8% of the shares of the company are sold short. Currently, 2.8% of the shares of the company are sold short. Based on an average daily volume of 491,965 shares, the days-to-cover ratio is presently 4.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of MINISO Group by 66.4% in the first quarter. Royal Bank of Canada now owns 26,928 shares of the company’s stock valued at $498,000 after acquiring an additional 10,747 shares during the period. Goldman Sachs Group Inc. grew its holdings in MINISO Group by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 315,424 shares of the company’s stock valued at $5,832,000 after purchasing an additional 5,086 shares during the last quarter. Nordea Investment Management AB raised its position in MINISO Group by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 397,322 shares of the company’s stock worth $7,215,000 after purchasing an additional 21,299 shares during the period. Envestnet Asset Management Inc. bought a new stake in MINISO Group in the second quarter worth about $326,000. Finally, Hantz Financial Services Inc. boosted its position in shares of MINISO Group by 3,465.0% during the second quarter. Hantz Financial Services Inc. now owns 2,139 shares of the company’s stock valued at $39,000 after buying an additional 2,079 shares during the period. 17.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MNSO. Zacks Research raised MINISO Group from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of MINISO Group in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft began coverage on MINISO Group in a research report on Tuesday, November 25th. They set a “buy” rating and a $23.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.13.

MINISO Group Price Performance

NYSE:MNSO opened at $19.25 on Tuesday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 1.36 and a beta of 0.13. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.65 and a quick ratio of 1.26. The business has a 50 day simple moving average of $19.40 and a 200-day simple moving average of $21.08. MINISO Group has a 1 year low of $13.94 and a 1 year high of $26.74.

MINISO Group Company Profile

MINISO Group (NYSE: MNSO) is a global retailer specializing in lifestyle and consumer goods. Since its founding in 2013, the company has focused on offering affordable, design-driven products across a broad range of categories. MINISO’s stores feature a clean, minimalist layout and emphasize a “fast fashion” inventory model designed to turn over goods quickly and respond to emerging trends.

The company’s product mix spans household items, kitchenware, cosmetics and personal care, stationery, toys, digital accessories, apparel and seasonal items.