MIND C.T.I. Ltd. (NASDAQ:MNDO) Sees Significant Growth in Short Interest
by Amy Steele · The Cerbat GemMIND C.T.I. Ltd. (NASDAQ:MNDO – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,555 shares, an increase of 72.2% from the April 30th total of 2,065 shares. Based on an average daily volume of 51,255 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, MIND C.T.I. currently has an average rating of “Hold”.
View Our Latest Analysis on MNDO
MIND C.T.I. Stock Performance
MNDO opened at $1.00 on Wednesday. The firm’s 50-day simple moving average is $1.05 and its 200-day simple moving average is $1.14. 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 cap of $20.35 million, a price-to-earnings ratio of 7.14 and a beta of 0.40.
MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last posted its earnings results on Monday, May 11th. The information technology services provider reported $0.04 earnings per share for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%. The business had revenue of $5.09 million for the quarter.
Institutional Investors Weigh In On MIND C.T.I.
Hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC bought a new stake in MIND C.T.I. during the 1st quarter worth about $26,000. Jane Street Group LLC bought a new stake in MIND C.T.I. during the 1st quarter worth about $37,000. Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. during the 4th quarter worth about $41,000. Finally, Glenorchy Capital Ltd grew its holdings in MIND C.T.I. by 9.1% during 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 during the last quarter. Institutional investors 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.