MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Update

MIND C.T.I. Ltd (NASDAQ:MNDO) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 9,800 shares, an increase of 4,800.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 22,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

MIND C.T.I. Price Performance

Shares of MIND C.T.I. stock traded up $0.02 during trading on Tuesday, hitting $2.11. 7,251 shares of the company’s stock traded hands, compared to its average volume of 28,897. The company has a market cap of $42.45 million, a PE ratio of 9.59 and a beta of 0.78. The firm’s fifty day moving average price is $2.01 and its 200 day moving average price is $1.96. MIND C.T.I. has a twelve month low of $1.70 and a twelve month high of $2.28.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share for the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%. The company had revenue of $5.21 million for the quarter.

Institutional Investors Weigh In On MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd raised its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after buying an additional 31,544 shares during the period. Glenorchy Capital Ltd owned 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.