Short Interest in MIND C.T.I. Ltd. (NASDAQ:MNDO) Decreases By 75.6%

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 4,321 shares, a decline of 75.6% from the June 15th total of 17,703 shares. Based on an average trading volume of 52,694 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

MIND C.T.I. Price Performance

Shares of MIND C.T.I. stock opened at $1.03 on Tuesday. The firm has a market cap of $20.79 million, a price-to-earnings ratio of 7.36 and a beta of 0.39. The stock’s 50-day moving average is $0.98 and its 200-day moving average is $1.10. MIND C.T.I. has a one year low of $0.85 and a one year high of $1.52.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings data on Monday, May 11th. The information technology services provider reported $0.04 earnings per share for the quarter. The company had revenue of $5.08 million during the quarter. MIND C.T.I. had a return on equity of 13.20% and a net margin of 15.26%.

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

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in shares of MIND C.T.I. in the 1st quarter valued at $37,000. Renaissance Technologies LLC acquired a new stake in shares of MIND C.T.I. in the 1st quarter valued at approximately $26,000. Glenorchy Capital Ltd lifted its stake 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 valued at $375,000 after purchasing an additional 22,808 shares during the last quarter. Finally, Signal Advisors Wealth LLC acquired a new stake in MIND C.T.I. in the fourth quarter valued at approximately $41,000. 24.32% of the stock is currently owned by institutional investors.

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.