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

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,800 shares, an increase of 4,800.0% from the December 15th total of 200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 0.4 days.

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

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd increased its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned approximately 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. 24.32% of the stock is owned by institutional investors.

MIND C.T.I. Stock Performance

Shares of MNDO remained flat at $2.04 during mid-day trading on Wednesday. The stock had a trading volume of 18,396 shares, compared to its average volume of 29,422. The firm’s 50 day moving average is $1.99 and its 200-day moving average is $1.94. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28. The stock has a market capitalization of $41.06 million, a PE ratio of 9.27 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $0.04 EPS for the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%. The company had revenue of $5.21 million for the quarter.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.