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

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 98,000 shares, an increase of 402.6% from the March 15th total of 19,500 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average trading volume of 75,200 shares, the days-to-cover ratio is presently 1.3 days.

MIND C.T.I. Price Performance

MNDO traded down $0.00 during trading hours on Tuesday, reaching $1.68. 8,522 shares of the stock traded hands, compared to its average volume of 38,857. MIND C.T.I. has a fifty-two week low of $1.60 and a fifty-two week high of $2.13. The company has a market cap of $34.21 million, a price-to-earnings ratio of 7.64 and a beta of 0.70. The firm’s fifty day simple moving average is $1.93 and its two-hundred day simple moving average is $1.97.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Tuesday, March 4th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%. The business had revenue of $5.20 million during the quarter.

MIND C.T.I. Cuts Dividend

The company also recently declared an annual dividend, which was paid on Thursday, April 10th. Stockholders of record on Tuesday, March 25th were issued a $0.22 dividend. The ex-dividend date was Tuesday, March 25th. This represents a dividend yield of 10.9%. MIND C.T.I.’s dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp increased its holdings in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,009 shares of the information technology services provider’s stock after acquiring an additional 36,781 shares during the quarter. Northern Trust Corp owned approximately 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent quarter. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

About MIND C.T.I.

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.