MIND Technology, Inc. (NASDAQ:MINDP) Short Interest Down 38.2% in July

MIND Technology, Inc. (NASDAQ:MINDP) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totalling 4,700 shares, a drop of 38.2% from the July 15th total of 7,600 shares. Based on an average daily trading volume, of 15,100 shares, the days-to-cover ratio is presently 0.3 days.

MIND Technology Price Performance

Shares of NASDAQ MINDP traded up $0.02 during midday trading on Tuesday, reaching $12.48. The company’s stock had a trading volume of 5,652 shares, compared to its average volume of 10,456. The firm has a 50 day moving average price of $12.84 and a 200-day moving average price of $10.89. MIND Technology has a 12-month low of $7.00 and a 12-month high of $16.60.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. It operates in two segments, Seamap Marine Products and Klein Marine Products. The company's products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications; SeaLink towed streamer systems; and SeaLink towed seismic streamer system.