MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) Short Interest Update

MINISO Group Holding Limited Unsponsored ADR (NYSE:MNSO) saw a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,487,781 shares, an increase of 15.4% from the February 12th total of 2,155,409 shares. Based on an average daily volume of 459,590 shares, the days-to-cover ratio is currently 5.4 days. Approximately 3.0% of the company’s stock are sold short. Approximately 3.0% of the company’s stock are sold short. Based on an average daily volume of 459,590 shares, the days-to-cover ratio is currently 5.4 days.

MINISO Group Stock Performance

Shares of MNSO stock traded up $0.56 during mid-day trading on Tuesday, reaching $17.59. The stock had a trading volume of 296,262 shares, compared to its average volume of 574,614. MINISO Group has a one year low of $13.94 and a one year high of $26.74. The firm has a market cap of $5.44 billion, a PE ratio of 18.15, a P/E/G ratio of 1.18 and a beta of 0.16. The firm’s 50 day simple moving average is $18.76 and its 200 day simple moving average is $20.59. The company has a quick ratio of 1.26, a current ratio of 1.65 and a debt-to-equity ratio of 0.73.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MNSO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of MINISO Group in a research note on Tuesday, November 25th. They issued a “buy” rating and a $23.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of MINISO Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of MINISO Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.73.

Institutional Investors Weigh In On MINISO Group

Several large investors have recently modified their holdings of the stock. Serenity Capital Management PTE. LTD. lifted its position in shares of MINISO Group by 74.9% during the 4th quarter. Serenity Capital Management PTE. LTD. now owns 2,024,455 shares of the company’s stock worth $37,959,000 after buying an additional 866,793 shares during the period. Marshall Wace LLP grew its position in MINISO Group by 15.8% in the fourth quarter. Marshall Wace LLP now owns 1,981,202 shares of the company’s stock valued at $37,148,000 after acquiring an additional 270,765 shares during the period. Orbis Allan Gray Ltd raised its stake in MINISO Group by 0.7% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,792,873 shares of the company’s stock worth $33,616,000 after acquiring an additional 12,468 shares in the last quarter. WFM ASIA BVI Ltd acquired a new position in MINISO Group during the third quarter worth $35,624,000. Finally, Millennium Management LLC lifted its holdings in shares of MINISO Group by 38.3% during the fourth quarter. Millennium Management LLC now owns 1,344,121 shares of the company’s stock valued at $25,202,000 after acquiring an additional 372,237 shares during the period. 17.16% of the stock is currently owned by institutional investors.

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.