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

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 52,694 shares, the days-to-cover ratio is currently 0.1 days.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Glenorchy Capital Ltd raised its stake in shares of 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 in the last quarter. Signal Advisors Wealth LLC acquired a new position in MIND C.T.I. in the fourth quarter worth about $41,000. Renaissance Technologies LLC bought a new stake in MIND C.T.I. in the first quarter valued at about $26,000. Finally, Jane Street Group LLC bought a new stake in MIND C.T.I. in the first quarter valued at about $37,000. Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Stock Up 3.9%

Shares of NASDAQ MNDO traded up $0.04 during midday trading on Friday, hitting $1.06. The company had a trading volume of 102,205 shares, compared to its average volume of 60,733. MIND C.T.I. has a twelve month low of $0.85 and a twelve month high of $1.52. The firm has a market capitalization of $21.39 million, a price-to-earnings ratio of 7.57 and a beta of 0.39. The business has a 50-day simple moving average of $0.98 and a two-hundred day simple moving average of $1.10.

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

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.