MIND C.T.I. Ltd (NASDAQ:MNDO) Sees Significant Increase in Short Interest

MIND C.T.I. Ltd (NASDAQ:MNDO) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 9,800 shares, an increase of 4,800.0% from the December 31st total of 200 shares. Based on an average trading volume of 22,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

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

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd boosted its holdings in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. 24.32% of the stock is currently owned by institutional investors.

MIND C.T.I. Stock Up 1.0 %

Shares of NASDAQ:MNDO opened at $2.11 on Wednesday. The business’s 50 day moving average is $2.01 and its 200 day moving average is $1.96. MIND C.T.I. has a 12-month low of $1.70 and a 12-month high of $2.28. The stock has a market cap of $42.45 million, a price-to-earnings ratio of 9.59 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%. The firm had revenue of $5.21 million during the quarter.

MIND C.T.I. Company Profile

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.