Short Interest in Minim, Inc. (NASDAQ:MINM) Expands By 444.3%

Minim, Inc. (NASDAQ:MINM – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 167,100 shares, a growth of 444.3% from the April 30th total of 30,700 shares. Currently, 16.2% of the company’s shares are short sold. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is presently 0.1 days.

Minim Price Performance

NASDAQ MINM traded down $0.23 during trading on Friday, reaching $4.00. 104,798 shares of the company’s stock traded hands, compared to its average volume of 952,283. The firm has a market cap of $7.56 million, a price-to-earnings ratio of -0.46 and a beta of 0.42. The company’s 50 day simple moving average is $3.33 and its two-hundred day simple moving average is $4.23. Minim has a 12-month low of $1.80 and a 12-month high of $14.00.

Minim (NASDAQ:MINM – Get Rating) last posted its earnings results on Wednesday, March 29th. The company reported ($2.50) EPS for the quarter, missing analysts’ consensus estimates of ($1.25) by ($1.25). Minim had a negative net margin of 30.72% and a negative return on equity of 68.94%. The business had revenue of $10.63 million for the quarter, compared to analysts’ expectations of $14.50 million. Research analysts expect that Minim will post -3.5 earnings per share for the current fiscal year.

Institutional Trading of Minim

An institutional investor recently bought a new position in Minim stock. Vanguard Group Inc. bought a new position in Minim, Inc. (NASDAQ:MINM – Get Rating) in the first quarter, according to its most recent filing with the SEC. The firm bought 961,717 shares of the company’s stock, valued at approximately $692,000. Vanguard Group Inc. owned approximately 2.09% of Minim as of its most recent SEC filing. 7.42% of the stock is owned by institutional investors.

Minim Company Profile

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Minim, Inc is the creator of intelligent networking products that dependably connect people to the information they need and the people they love. The company delivers smart software-driven communications products under the globally recognized Motorola brand and ZOOM trademark. Minim end users benefit from a personalized and secure WiFi experience, leads to happy and safe homes where things just work.