MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Up 149.4% in January

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 2,192 shares, a growth of 149.4% from the December 31st total of 879 shares. Based on an average daily volume of 18,605 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 18,605 shares, the short-interest ratio is currently 0.1 days.

MIND C.T.I. Stock Performance

NASDAQ:MNDO traded down $0.01 during mid-day trading on Thursday, hitting $1.22. 9,963 shares of the company’s stock traded hands, compared to its average volume of 15,534. The company has a market capitalization of $24.85 million, a P/E ratio of 9.39 and a beta of 0.59. MIND C.T.I. has a twelve month low of $0.98 and a twelve month high of $2.13. The company has a fifty day moving average of $1.20 and a 200 day moving average of $1.19.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 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.

Institutional Trading of MIND C.T.I.

A number of institutional investors and hedge funds have recently modified their holdings of MNDO. Jane Street Group LLC purchased a new stake in MIND C.T.I. during the 1st quarter worth approximately $37,000. Glenorchy Capital Ltd grew its stake in shares of 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 buying an additional 22,808 shares during the period. Finally, Signal Advisors Wealth LLC acquired a new stake in MIND C.T.I. during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 24.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MIND C.T.I. in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, MIND C.T.I. has an average rating of “Sell”.

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.