MIND C.T.I. Ltd. (NASDAQ:MNDO) Shares Shorted: Short Interest Down 99.2% in October

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 132 shares, a decrease of 99.2% from the October 15th total of 16,690 shares. Based on an average daily trading volume, of 25,064 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of MIND C.T.I. in a report on Wednesday, November 4th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, MIND C.T.I. has a consensus rating of “Sell”.

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

An institutional investor recently bought a new stake in MIND C.T.I. stock. Renaissance Technologies LLC bought a new stake in MIND C.T.I. Ltd. (NASDAQ:MNDO) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor 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. as of its most recent filing with the SEC. 24.32% of the stock is currently owned by institutional investors and hedge funds.

MIND C.T.I. Stock Performance

MNDO traded up $0.39 during trading on Tuesday, reaching $1.26. 12,198,709 shares of the stock were exchanged, compared to its average volume of 33,781. The stock has a market cap of $25.43 million, a P/E ratio of 7.88 and a beta of 0.39. MIND C.T.I. has a twelve month low of $0.85 and a twelve month high of $1.29. The stock’s 50 day moving average price is $0.97 and its two-hundred day moving average price is $1.04.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings results on Tuesday, November 10th. The information technology services provider reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $4.36 million for the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%.

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.