MIND Technology, Inc. (NASDAQ:MIND) Sees Large Decrease in Short Interest

MIND Technology, Inc. (NASDAQ:MIND) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,300 shares, a decrease of 25.8% from the March 15th total of 3,100 shares. Based on an average trading volume of 3,500 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

MIND Technology Stock Performance

Shares of MIND remained flat at $4.21 during mid-day trading on Friday. The stock had a trading volume of 339 shares, compared to its average volume of 4,778. The stock has a market capitalization of $5.94 million, a P/E ratio of -1.33 and a beta of 1.34. The company’s fifty day moving average price is $5.48 and its two-hundred day moving average price is $5.38. MIND Technology has a one year low of $4.00 and a one year high of $8.10.

Institutional Trading of MIND Technology

An institutional investor recently raised its position in MIND Technology stock. Renaissance Technologies LLC raised its holdings in shares of MIND Technology, Inc. (NASDAQ:MIND) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,436 shares of the company’s stock after acquiring an additional 36,150 shares during the period. Renaissance Technologies LLC owned approximately 3.80% of MIND Technology worth $320,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.83% of the company’s stock.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. It operates in two segments, Seamap Marine Products and Klein Marine Products. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications; SeaLink towed streamer systems; and SeaLink towed seismic streamer system.