MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Down 33.3% in August

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 12,721 shares, a decline of 33.3% from the August 15th total of 19,072 shares. Based on an average trading volume of 46,175 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

MIND C.T.I. Price Performance

NASDAQ:MNDO remained flat at $1.05 during mid-day trading on Thursday. The company had a trading volume of 4,571 shares, compared to its average volume of 42,700. The firm’s 50-day moving average is $1.02 and its 200 day moving average is $1.04. The firm has a market cap of $21.19 million, a price-to-earnings ratio of 6.55 and a beta of 0.39. MIND C.T.I. has a 52 week low of $0.85 and a 52 week high of $1.29.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $0.04 earnings per share for the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%.The business had revenue of $4.61 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of MIND C.T.I. from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MIND C.T.I. currently has an average rating of “Sell”.

Institutional Trading of MIND C.T.I.

An institutional investor recently bought a new stake in MIND C.T.I. stock. Renaissance Technologies LLC acquired a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 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 quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

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.