MINISO Group Holding Limited (NYSE:MNSO) Short Interest Up 60.3% in October

MINISO Group Holding Limited (NYSE:MNSO) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 6,860,000 shares, a growth of 60.3% from the September 30th total of 4,280,000 shares. Based on an average daily volume of 2,670,000 shares, the short-interest ratio is currently 2.6 days.

Institutional Trading of MINISO Group

Large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MINISO Group in the 2nd quarter valued at $26,000. Blue Trust Inc. boosted its holdings in shares of MINISO Group by 3,098.4% in the 2nd quarter. Blue Trust Inc. now owns 1,951 shares of the company’s stock valued at $40,000 after acquiring an additional 1,890 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of MINISO Group in the 1st quarter valued at $93,000. Banque Cantonale Vaudoise purchased a new stake in shares of MINISO Group in the 2nd quarter valued at $118,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of MINISO Group in the 1st quarter valued at $201,000. 17.16% of the stock is owned by hedge funds and other institutional investors.

MINISO Group Stock Performance

NYSE:MNSO traded up $0.04 during trading hours on Tuesday, hitting $19.28. 1,736,064 shares of the company were exchanged, compared to its average volume of 1,859,744. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.72 and a beta of 0.18. MINISO Group has a 52-week low of $12.51 and a 52-week high of $28.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.38 and a quick ratio of 1.93. The company’s 50 day moving average price is $16.83 and its 200-day moving average price is $18.93.

MINISO Group (NYSE:MNSO) last released its earnings results on Friday, August 30th. The company reported $0.26 earnings per share for the quarter. The company had revenue of $555.26 million for the quarter, compared to the consensus estimate of $557.54 million. MINISO Group had a net margin of 15.72% and a return on equity of 26.41%. As a group, research analysts forecast that MINISO Group will post 1.23 earnings per share for the current year.

MINISO Group Announces Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 13th were issued a $0.274 dividend. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, September 13th. MINISO Group’s dividend payout ratio (DPR) is currently 48.15%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Dbs Bank raised shares of MINISO Group to a “strong-buy” rating in a report on Tuesday, September 24th. Citigroup initiated coverage on shares of MINISO Group in a research note on Friday, October 4th. They set a “buy” rating and a $26.80 target price for the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $27.00) on shares of MINISO Group in a research note on Tuesday, September 24th. Jefferies Financial Group reissued a “hold” rating on shares of MINISO Group in a research note on Monday, September 23rd. Finally, Bank of America cut shares of MINISO Group from a “buy” rating to an “underperform” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.90.

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.