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

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 19,072 shares, an increase of 437.1% from the July 30th total of 3,551 shares. Based on an average daily volume of 56,472 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

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

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of MIND C.T.I. in the first quarter worth $26,000. Jane Street Group LLC acquired a new position in MIND C.T.I. in the 1st quarter valued at $37,000. Finally, Glenorchy Capital Ltd raised its holdings 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 worth $375,000 after acquiring an additional 22,808 shares during the period. Institutional investors own 24.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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 currently has a consensus rating of “Sell”.

MIND C.T.I. Stock Performance

Shares of MNDO traded up $0.02 during trading hours on Wednesday, hitting $1.03. 54,013 shares of the company were exchanged, compared to its average volume of 41,916. The company has a market cap of $20.77 million, a PE ratio of 6.43 and a beta of 0.38. The firm’s 50 day moving average is $1.02 and its 200-day moving average is $1.06. MIND C.T.I. has a 52 week low of $0.85 and a 52 week high of $1.29.

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