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

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 17,611 shares, an increase of 1,135.0% from the February 12th total of 1,426 shares. Based on an average daily volume of 25,431 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 25,431 shares, the short-interest ratio is presently 0.7 days.

MIND C.T.I. Trading Down 0.8%

MIND C.T.I. stock traded down $0.01 during trading on Wednesday, reaching $1.23. The company had a trading volume of 233 shares, compared to its average volume of 30,759. The firm has a market capitalization of $25.06 million, a price-to-earnings ratio of 9.47 and a beta of 0.54. The firm’s 50-day simple moving average is $1.20 and its 200 day simple moving average is $1.17. MIND C.T.I. has a 52 week low of $0.98 and a 52 week high of $2.12.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Tuesday, March 10th. The information technology services provider reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $4.89 million during the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, MIND C.T.I. presently has a consensus rating of “Hold”.

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

Institutional investors have recently bought and sold shares of the business. Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. during the fourth quarter valued at about $41,000. Glenorchy Capital Ltd boosted its stake in shares of MIND C.T.I. by 9.1% in the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 22,808 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of MIND C.T.I. in the first quarter worth about $37,000. Hedge funds and other institutional investors own 24.32% of the company’s stock.

About MIND C.T.I.

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.