Minim, Inc. (NASDAQ:FIEE) Sees Significant Growth in Short Interest

Minim, Inc. (NASDAQ:FIEE) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 107,327 shares, an increase of 777.6% from the January 29th total of 12,230 shares. Based on an average trading volume of 660,113 shares, the days-to-cover ratio is presently 0.2 days. Approximately 7.9% of the shares of the stock are short sold. Approximately 7.9% of the shares of the stock are short sold. Based on an average trading volume of 660,113 shares, the days-to-cover ratio is presently 0.2 days.

Minim Price Performance

Minim stock traded down $0.46 during midday trading on Wednesday, reaching $6.42. The stock had a trading volume of 24,790 shares, compared to its average volume of 222,677. Minim has a twelve month low of $0.33 and a twelve month high of $7.95. The firm has a market cap of $513,600.00, a price-to-earnings ratio of -1.21 and a beta of 1.81. The firm’s fifty day simple moving average is $4.55 and its two-hundred day simple moving average is $3.28.

Insiders Place Their Bets

In other Minim news, major shareholder Corporate Services Lt Elements purchased 2,138,181 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was bought at an average cost of $1.29 per share, with a total value of $2,758,253.49. Following the acquisition, the insider owned 3,119,830 shares of the company’s stock, valued at $4,024,580.70. The trade was a 217.82% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 51.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Minim in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Minim has an average rating of “Sell”.

About Minim

Minim, Inc (NASDAQ:FIEE) is a technology company specializing in network intelligence and security solutions for service providers, managed service providers (MSPs) and enterprise customers. The company’s core offering is a cloud-based platform that centralizes network management, device monitoring and automated troubleshooting across wired and wireless infrastructure. By leveraging machine learning and analytics, Minim aims to simplify onboarding, optimize performance and reduce operational costs for broadband providers and IT teams.

Minim’s software suite provides real-time visibility into network health, topology mapping and usage metrics, along with integrated security features designed to detect and block threats at the network edge.