Short Interest in MIND C.T.I. Ltd. (NASDAQ:MNDO) Rises By 149.4%

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 2,192 shares, an increase of 149.4% from the December 31st total of 879 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 18,605 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 18,605 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

MIND C.T.I. Trading Down 0.8%

Shares of NASDAQ:MNDO traded down $0.01 during mid-day trading on Thursday, hitting $1.22. 9,963 shares of the company traded hands, compared to its average volume of 15,534. The stock has a 50-day moving average price of $1.20 and a two-hundred day moving average price of $1.19. The stock has a market cap of $24.85 million, a P/E ratio of 9.39 and a beta of 0.59. MIND C.T.I. has a 12-month low of $0.98 and a 12-month high of $2.13.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 EPS for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.The business had revenue of $4.82 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MIND C.T.I. in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of MIND C.T.I.

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of MIND C.T.I. in the 1st quarter worth approximately $37,000. Signal Advisors Wealth LLC bought a new position in MIND C.T.I. in the 4th quarter worth $41,000. Finally, Glenorchy Capital Ltd increased its holdings 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 worth $375,000 after acquiring an additional 22,808 shares in the last quarter. 24.32% of the stock is owned by institutional investors.

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.