Short Interest in MINISO Group Holding Limited (NYSE:MNSO) Declines By 16.7%

MINISO Group Holding Limited (NYSE:MNSO) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 4,750,000 shares, a decline of 16.7% from the March 15th total of 5,700,000 shares. Based on an average trading volume of 1,600,000 shares, the days-to-cover ratio is currently 3.0 days.

MINISO Group Trading Down 1.6 %

Shares of MNSO opened at $21.17 on Friday. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 0.74 and a beta of 0.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.91 and a current ratio of 2.34. MINISO Group has a fifty-two week low of $14.46 and a fifty-two week high of $29.92. The firm has a 50 day moving average price of $19.08 and a 200-day moving average price of $21.62.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter. The firm had revenue of $541.04 million during the quarter. MINISO Group had a net margin of 16.28% and a return on equity of 25.43%. As a group, equities research analysts forecast that MINISO Group will post 1.12 earnings per share for the current year.

MINISO Group Dividend Announcement

The firm also recently disclosed a None dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a dividend yield of 2%. MINISO Group’s payout ratio is 38.24%.

Institutional Investors Weigh In On MINISO Group

A number of hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD purchased a new position in shares of MINISO Group in the fourth quarter worth $268,000. Legal & General Group Plc increased its stake in shares of MINISO Group by 27.2% in the fourth quarter. Legal & General Group Plc now owns 621,343 shares of the company’s stock worth $12,675,000 after buying an additional 132,899 shares during the period. Vident Advisory LLC increased its stake in shares of MINISO Group by 14.8% in the fourth quarter. Vident Advisory LLC now owns 10,623 shares of the company’s stock worth $217,000 after buying an additional 1,373 shares during the period. Bridgefront Capital LLC purchased a new position in shares of MINISO Group in the fourth quarter worth $679,000. Finally, Point72 Hong Kong Ltd increased its stake in shares of MINISO Group by 24.3% in the fourth quarter. Point72 Hong Kong Ltd now owns 217,328 shares of the company’s stock worth $4,433,000 after buying an additional 42,442 shares during the period. 17.16% of the stock is currently owned by institutional investors.

MINISO Group Company Profile

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.