MIND C.T.I. Ltd. (NASDAQ:MNDO – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,690 shares, a growth of 76.8% from the September 30th total of 9,442 shares. Based on an average trading volume of 34,802 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in MIND C.T.I. stock. Renaissance Technologies LLC bought a new position in MIND C.T.I. Ltd. (NASDAQ:MNDO – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned 0.11% of MIND C.T.I. at the end of the most recent reporting period. 24.32% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of MIND C.T.I. from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.
View Our Latest Stock Report on MIND C.T.I.
MIND C.T.I. Trading Down 1.9%
MNDO stock traded down $0.02 during trading on Monday, reaching $0.87. 55,719 shares of the stock were exchanged, compared to its average volume of 32,971. MIND C.T.I. has a twelve month low of $0.85 and a twelve month high of $1.29. The company has a market capitalization of $17.58 million, a P/E ratio of 5.44 and a beta of 0.40. The stock has a 50 day simple moving average of $0.97 and a 200-day simple moving average of $1.05.
MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The information technology services provider reported $0.04 EPS for the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%. The firm had revenue of $4.61 million during the quarter.
About MIND C.T.I.
MIND C.T.I. Ltd. is an Israel-based provider of software solutions for communications service providers. The company develops systems designed to support telecommunications operators with billing, customer care, service management and related operational processes.
Its offerings have included solutions for prepaid and postpaid billing, rating, mediation, revenue management and customer relationship management. These tools are intended to help fixed-line, mobile, broadband and other communications providers manage subscribers, configure services, process usage data and automate charging and account-support functions.
MIND C.T.I.
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