MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Update

by · The Markets Daily

MIND C.T.I. Ltd (NASDAQ:MNDO – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,800 shares, a growth of 4,800.0% from the December 15th total of 200 shares. Based on an average daily volume of 22,000 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd lifted its position in MIND C.T.I. Ltd (NASDAQ:MNDO – Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after acquiring an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Trading Up 0.5 %

Shares of NASDAQ MNDO traded up $0.01 on Tuesday, reaching $2.05. 7,569 shares of the company traded hands, compared to its average volume of 27,609. The company has a 50 day moving average of $1.98 and a 200 day moving average of $1.94. MIND C.T.I. has a fifty-two week low of $1.70 and a fifty-two week high of $2.28. The stock has a market capitalization of $41.26 million, a PE ratio of 9.32 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The information technology services provider reported $0.04 EPS for the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%. The business had revenue of $5.21 million during the quarter.

About MIND C.T.I.

(Get Free Report)

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.

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