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

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 879 shares, a decline of 81.6% from the December 15th total of 4,775 shares. Based on an average trading volume of 41,250 shares, the short-interest ratio is presently 0.0 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 41,250 shares, the short-interest ratio is presently 0.0 days.

MIND C.T.I. Price Performance

Shares of MNDO traded up $0.02 during mid-day trading on Monday, reaching $1.26. 21,556 shares of the company’s stock traded hands, compared to its average volume of 21,622. The stock’s 50-day moving average is $1.17 and its two-hundred day moving average is $1.21. MIND C.T.I. has a 12 month low of $0.98 and a 12 month high of $2.13. The stock has a market cap of $25.66 million, a P/E ratio of 9.69 and a beta of 0.59.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MIND C.T.I. stock. Jane Street Group LLC bought a new stake in MIND C.T.I. Ltd. (NASDAQ:MNDO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,645 shares of the information technology services provider’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 0.10% of MIND C.T.I. as of its most recent SEC filing. 24.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, MIND C.T.I. has a consensus rating of “Sell”.

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.