MIND C.T.I. Ltd. (NASDAQ:MNDO) Stock Short Interest Report for October

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 16,690 shares, an increase of 76.8% from the September 30th total of 9,442 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 34,802 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC purchased a new stake in MIND C.T.I. Ltd. (NASDAQ:MNDO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned about 0.11% of MIND C.T.I. at the end of the most recent quarter. Hedge funds and other institutional investors own 24.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut MIND C.T.I. from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

MIND C.T.I. Price Performance

Shares of NASDAQ:MNDO traded up $0.01 during midday trading on Tuesday, hitting $0.88. 7,119 shares of the company’s stock were exchanged, compared to its average volume of 40,423. MIND C.T.I. has a 12 month low of $0.85 and a 12 month high of $1.29. The company has a market cap of $17.72 million, a PE ratio of 5.49 and a beta of 0.40. The stock has a 50 day moving average price of $0.97 and a 200-day moving average price of $1.05.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $4.61 million during the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd. is an Israel-based provider of software solutions for communications service providers. The company develops systems designed to support telecommunications operators with billing, customer care, service management and related operational processes.

Its offerings have included solutions for prepaid and postpaid billing, rating, mediation, revenue management and customer relationship management. These tools are intended to help fixed-line, mobile, broadband and other communications providers manage subscribers, configure services, process usage data and automate charging and account-support functions.

MIND C.T.I.