Short Interest in MINISO Group Holding Limited (NYSE:MNSO) Decreases By 25.3%

MINISO Group Holding Limited (NYSE:MNSO) saw a large decrease in short interest in September. As of September 30th, there was short interest totalling 4,280,000 shares, a decrease of 25.3% from the September 15th total of 5,730,000 shares. Based on an average trading volume of 2,530,000 shares, the days-to-cover ratio is currently 1.7 days.

MINISO Group Price Performance

NYSE:MNSO traded down $1.36 on Tuesday, reaching $16.94. The stock had a trading volume of 1,417,284 shares, compared to its average volume of 1,840,043. MINISO Group has a 1-year low of $12.51 and a 1-year high of $28.28. The stock has a fifty day moving average price of $16.39 and a 200-day moving average price of $19.22. The company has a quick ratio of 1.93, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $5.35 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.74 and a beta of 0.18.

MINISO Group (NYSE:MNSO) last issued its quarterly earnings data 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 the consensus estimate of $557.54 million. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. Research analysts forecast that MINISO Group will post 1.23 EPS for the current year.

MINISO Group Announces Dividend

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

Hedge Funds Weigh In On MINISO Group

A number of large investors have recently modified their holdings of MNSO. Cubist Systematic Strategies LLC boosted its position in MINISO Group by 9.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company’s stock valued at $215,000 after buying an additional 942 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of MINISO Group by 10.6% in the 2nd quarter. XTX Topco Ltd now owns 13,861 shares of the company’s stock valued at $264,000 after purchasing an additional 1,326 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in MINISO Group in the second quarter valued at about $26,000. Blue Trust Inc. lifted its stake in MINISO Group by 3,098.4% in the second quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after buying an additional 1,890 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in MINISO Group by 5.6% during the first quarter. Janney Montgomery Scott LLC now owns 43,286 shares of the company’s stock worth $887,000 after buying an additional 2,301 shares during the last quarter. 17.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on MNSO shares. Jefferies Financial Group reiterated a “hold” rating on shares of MINISO Group in a report on Monday, September 23rd. Dbs Bank upgraded MINISO Group to a “strong-buy” rating in a research note on Tuesday, September 24th. Bank of America downgraded shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price objective (down previously from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Finally, Citigroup assumed coverage on MINISO Group in a report on Friday, October 4th. They set a “buy” rating and a $26.80 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, MINISO Group presently has an average rating of “Hold” and an average target price of $20.90.

About MINISO Group

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.