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

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

MIND C.T.I. Stock Performance

Shares of MNDO stock traded up $0.03 during trading hours on Friday, hitting $0.97. The company had a trading volume of 8,528 shares, compared to its average volume of 36,940. MIND C.T.I. has a 12 month low of $0.85 and a 12 month high of $1.52. The firm has a market capitalization of $19.76 million, a price-to-earnings ratio of 6.93 and a beta of 0.40. The firm’s fifty day moving average is $1.01 and its 200 day moving average is $1.13.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised 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 MarketBeat.com, MIND C.T.I. currently has an average rating of “Hold”.

Institutional Investors Weigh In On MIND C.T.I.

Several large investors have recently made changes to their positions in MNDO. Renaissance Technologies LLC acquired a new position in MIND C.T.I. during the 1st quarter worth about $26,000. Jane Street Group LLC acquired a new position in MIND C.T.I. during the 1st quarter valued at about $37,000. Signal Advisors Wealth LLC acquired a new position in MIND C.T.I. during the 4th quarter valued at about $41,000. Finally, Glenorchy Capital Ltd lifted its position in MIND C.T.I. by 9.1% during 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 period. Institutional investors own 24.32% of the company’s stock.

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.