As this happened, Citigroup initiated its MINISO Group Holding Ltd ADR [MNSO] rating to a Buy in a research note published on October 04, 2024; the price target was $26.80. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “a Neutral”. Jefferies also remained covering MNSO and has decreased its forecast on September 24, 2024 with a “Hold” recommendation from previously “Buy” rating. BofA Securities revised its rating on September 23, 2024. It rated MNSO as “an Underperform” which previously was an “a Buy”.
Price Performance Review of MNSO
On Tuesday, MINISO Group Holding Ltd ADR [NYSE:MNSO] saw its stock jump 5.44% to $25.38. Over the last five days, the stock has gained 6.28%. MINISO Group Holding Ltd ADR shares have risen nearly 6.24% since the year began. Nevertheless, the stocks have risen 20.44% over the past one year. While a 52-week high of $27.71 was reached on 01/03/25, a 52-week low of $12.51 was recorded on 01/06/25. SMA at 50 days reached $21.36, while 200 days put it at $19.68.
Levels Of Support And Resistance For MNSO Stock
The 24-hour chart illustrates a support level at 24.95, which if violated will result in even more drops to 24.51. On the upside, there is a resistance level at 25.66. A further resistance level may holdings at 25.93. The Relative Strength Index (RSI) on the 14-day chart is 57.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.98%. Stochastics %K at 58.87% indicates the stock is a holding.
How much short interest is there in MINISO Group Holding Ltd ADR?
A steep rise in short interest was recorded in MINISO Group Holding Ltd ADR stocks on 2024-11-15, growing by 2948.0 shares to a total of 6.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.86 million shares. There was a rise of 0.04%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 30, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $30 price target.
