Short Interest in MINISO Group Holding Limited (NYSE:MNSO) Increases By 60.3%

MINISO Group Holding Limited (NYSE:MNSO - Get Free Report) saw 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 trading volume of 2,670,000 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its position in MINISO Group by 3.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 19,573 shares of the company's stock valued at $378,000 after purchasing an additional 690 shares during the last quarter. International Assets Investment Management LLC bought a new position in MINISO Group during the 3rd quarter valued at approximately $923,000. Blue Trust Inc. raised its position in MINISO Group by 167.0% during the 3rd quarter. Blue Trust Inc. now owns 5,210 shares of the company's stock valued at $99,000 after purchasing an additional 3,259 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in MINISO Group by 5.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 379,100 shares of the company's stock valued at $7,229,000 after purchasing an additional 19,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in MINISO Group by 9.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 11,249 shares of the company's stock valued at $215,000 after purchasing an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 17.16% of the company's stock.

MINISO Group Price Performance

MNSO stock traded down $0.64 during mid-day trading on Friday, hitting $17.41. 1,133,042 shares of the stock were exchanged, compared to its average volume of 1,854,206. 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 business has a fifty day moving average price of $16.67 and a 200 day moving average price of $18.96. MINISO Group has a 12 month low of $12.51 and a 12 month high of $28.16. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 16.42, a PEG ratio of 0.72 and a beta of 0.18.

MINISO Group (NYSE:MNSO - Get Free Report) last issued its quarterly earnings results on Friday, August 30th. The company reported $0.26 earnings per share (EPS) for the quarter. MINISO Group had a return on equity of 26.41% and a net margin of 15.72%. The firm had revenue of $555.26 million during the quarter, compared to analyst estimates of $557.54 million. On average, sell-side analysts anticipate that MINISO Group will post 1.23 EPS for the current year.

MINISO Group Dividend Announcement

The business 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. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 1.6%. MINISO Group's dividend payout ratio is currently 49.06%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MNSO shares. Dbs Bank raised MINISO Group to a "strong-buy" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $15.00 target price (down from $27.00) on shares of MINISO Group in a research report on Tuesday, September 24th. Jefferies Financial Group reissued a "hold" rating on shares of MINISO Group in a research report on Monday, September 23rd. Bank of America downgraded MINISO Group from a "buy" rating to an "underperform" rating in a research report on Monday, September 23rd. Finally, Citigroup started coverage on MINISO Group in a research report on Friday, October 4th. They issued a "buy" rating and a $26.80 target price for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.