MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Up 149.4% in January

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 2,192 shares, a growth of 149.4% from the December 31st total of 879 shares. Based on an average trading volume of 18,605 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 18,605 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On MIND C.T.I.

Hedge funds have recently modified their holdings of the company. Signal Advisors Wealth LLC purchased a new stake in shares of MIND C.T.I. during the fourth quarter worth about $41,000. Glenorchy Capital Ltd lifted its holdings in MIND C.T.I. by 9.1% in the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after buying an additional 22,808 shares during the period. Finally, Jane Street Group LLC purchased a new stake in MIND C.T.I. in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 24.32% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, MIND C.T.I. has a consensus rating of “Sell”.

MIND C.T.I. Trading Down 5.7%

Shares of NASDAQ:MNDO traded down $0.07 on Friday, reaching $1.15. 72,523 shares of the company traded hands, compared to its average volume of 16,032. MIND C.T.I. has a 52 week low of $0.98 and a 52 week high of $2.13. The business’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.19. The stock has a market capitalization of $23.43 million, a P/E ratio of 8.85 and a beta of 0.59.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $4.82 million for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.