MIND C.T.I. Ltd. (NASDAQ:MNDO) Sees Significant Growth in Short Interest

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 25,468 shares, a growth of 616.4% from the May 14th total of 3,555 shares. Based on an average daily trading volume, of 46,469 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of MIND C.T.I.

Several hedge funds have recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in MIND C.T.I. in the 1st quarter valued at about $37,000. Renaissance Technologies LLC bought a new stake in MIND C.T.I. in the 1st quarter valued at about $26,000. 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 purchasing an additional 22,808 shares during the last quarter. Finally, Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. in the 4th quarter valued at about $41,000. 24.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, MIND C.T.I. currently has an average rating of “Hold”.

MIND C.T.I. Stock Performance

Shares of NASDAQ MNDO traded down $0.01 during midday trading on Thursday, hitting $0.94. The company’s stock had a trading volume of 4,552 shares, compared to its average volume of 37,196. MIND C.T.I. has a 1-year low of $0.85 and a 1-year high of $1.52. The firm’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.13. The firm has a market cap of $19.15 million, a P/E ratio of 6.71 and a beta of 0.40.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Monday, May 11th. The information technology services provider reported $0.04 EPS for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%. The business had revenue of $5.09 million during 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.