Minim, Inc. (NASDAQ:MINM) Short Interest Update

Minim, Inc. (NASDAQ:MINMGet Rating) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 167,900 shares, an increase of 32.8% from the March 15th total of 126,400 shares. Based on an average trading volume of 111,000 shares, the short-interest ratio is currently 1.5 days. Approximately 0.7% of the shares of the company are short sold.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC acquired a new stake in Minim during the third quarter worth approximately $26,000. Millennium Management LLC bought a new stake in shares of Minim during the 3rd quarter worth $36,000. Morgan Stanley acquired a new stake in Minim in the third quarter valued at about $38,000. Northern Trust Corp boosted its stake in Minim by 93.1% in the fourth quarter. Northern Trust Corp now owns 33,455 shares of the company’s stock valued at $42,000 after buying an additional 16,129 shares in the last quarter. Finally, Clear Street LLC bought a new position in Minim in the fourth quarter valued at about $44,000. Institutional investors own 9.91% of the company’s stock.

Separately, Zacks Investment Research lowered Minim from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th.

Shares of MINM stock opened at $0.69 on Monday. The company’s fifty day simple moving average is $1.02 and its 200-day simple moving average is $1.28. Minim has a 12 month low of $0.68 and a 12 month high of $5.28.

Minim (NASDAQ:MINMGet Rating) last announced its quarterly earnings data on Thursday, March 31st. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $10.48 million during the quarter, compared to the consensus estimate of $17.77 million. Minim had a negative net margin of 6.47% and a negative return on equity of 39.60%. During the same period last year, the business earned ($0.03) EPS. Analysts anticipate that Minim will post -0.12 earnings per share for the current fiscal year.

About Minim (Get Rating)

Minim, Inc, together with its subsidiaries, designs, develops, sells, and supports an Internet of Things security platform in North America and internationally. It offers hardware products, including cable modems, cable modem/routers, gateways, mobile broadband modems, wireless routers, multimedia over coax adapters, mesh home networking devices, and other local area network products.

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