Mondee Holdings, Inc. (NASDAQ:MOND) Short Interest Down 16.3% in November

Mondee Holdings, Inc. (NASDAQ:MOND) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 2,160,000 shares, a decrease of 16.3% from the November 15th total of 2,580,000 shares. Approximately 8.1% of the shares of the company are sold short. Based on an average daily trading volume, of 626,300 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Trading of Mondee

A number of institutional investors have recently bought and sold shares of MOND. Bank of New York Mellon Corp raised its position in shares of Mondee by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 123,928 shares of the company’s stock valued at $297,000 after buying an additional 4,774 shares in the last quarter. Catalina Capital Group LLC acquired a new position in Mondee in the 2nd quarter valued at $30,000. Vanguard Group Inc. lifted its position in shares of Mondee by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,226,684 shares of the company’s stock valued at $5,144,000 after acquiring an additional 21,943 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Mondee by 256.2% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 56,010 shares of the company’s stock worth $78,000 after purchasing an additional 40,284 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Mondee by 237.2% in the third quarter. Barclays PLC now owns 58,667 shares of the company’s stock worth $82,000 after purchasing an additional 41,271 shares during the period. Institutional investors own 32.14% of the company’s stock.

Mondee Stock Performance

MOND stock opened at $0.05 on Friday. Mondee has a 52 week low of $0.02 and a 52 week high of $3.19. The company has a market capitalization of $4.36 million, a PE ratio of -0.04 and a beta of -0.33. The company’s 50-day simple moving average is $0.98 and its 200 day simple moving average is $1.70.

About Mondee

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.