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

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 4,321 shares, a decrease of 75.6% from the June 15th total of 17,703 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 52,694 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MNDO. Renaissance Technologies LLC acquired a new position in shares of MIND C.T.I. during the first quarter valued at about $26,000. Signal Advisors Wealth LLC bought a new position in MIND C.T.I. in the 4th quarter valued at about $41,000. Glenorchy Capital Ltd lifted its position 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 valued at $375,000 after acquiring an additional 22,808 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in MIND C.T.I. during the 1st quarter valued at about $37,000. 24.32% of the stock is owned by institutional investors.

MIND C.T.I. Stock Performance

MIND C.T.I. stock traded down $0.03 during mid-day trading on Monday, reaching $1.03. The stock had a trading volume of 21,188 shares, compared to its average volume of 60,733. The firm has a market capitalization of $20.79 million, a PE ratio of 7.36 and a beta of 0.39. MIND C.T.I. has a fifty-two week low of $0.85 and a fifty-two week high of $1.52. The stock’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $1.10.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results on Monday, May 11th. The information technology services provider reported $0.04 earnings per share for the quarter. MIND C.T.I. had a return on equity of 13.20% and a net margin of 15.26%.The company had revenue of $5.08 million for the quarter.

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.