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

MIND C.T.I. Ltd (NASDAQ:MNDO) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a decline of 96.7% from the November 30th total of 6,000 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is currently 0.0 days.

MIND C.T.I. Stock Up 0.3 %

MIND C.T.I. stock traded up $0.01 during mid-day trading on Thursday, hitting $1.99. The company had a trading volume of 41,645 shares, compared to its average volume of 28,842. The stock has a market cap of $39.95 million, a price-to-earnings ratio of 9.02 and a beta of 0.78. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28. The business has a fifty day moving average of $1.97 and a 200 day moving average of $1.93.

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

Institutional Investors 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 stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. 24.32% of the stock is currently owned by institutional investors and hedge funds.

About MIND C.T.I.

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.