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

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 12,508 shares, an increase of 470.6% from the January 15th total of 2,192 shares. Based on an average daily trading volume, of 20,617 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 20,617 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

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

MIND C.T.I. Stock Down 1.7%

Shares of MNDO traded down $0.02 during trading hours on Tuesday, reaching $1.14. 56,107 shares of the company traded hands, compared to its average volume of 23,347. The business has a fifty day moving average price of $1.19 and a 200-day moving average price of $1.18. 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 capitalization of $23.22 million, a P/E ratio of 8.77 and a beta of 0.58.

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in MIND C.T.I. during the 1st quarter worth approximately $37,000. Signal Advisors Wealth LLC purchased a new position in shares of MIND C.T.I. during the fourth quarter worth $41,000. Finally, Glenorchy Capital Ltd lifted its position in MIND C.T.I. by 9.1% during the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after purchasing an additional 22,808 shares during the period. Institutional investors and hedge funds own 24.32% of the company’s stock.

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.