Short Interest in MIND C.T.I. Ltd (NASDAQ:MNDO) Increases By 120.8%

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 17,000 shares, a growth of 120.8% from the January 31st total of 7,700 shares. Based on an average daily volume of 33,600 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp lifted its holdings in MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,009 shares of the information technology services provider’s stock after acquiring an additional 36,781 shares during the quarter. Northern Trust Corp owned 0.38% of MIND C.T.I. worth $152,000 as of its most recent SEC filing. 24.32% of the stock is currently owned by institutional investors.

MIND C.T.I. Price Performance

NASDAQ:MNDO opened at $2.05 on Monday. The firm has a market capitalization of $41.26 million, a P/E ratio of 9.32 and a beta of 0.79. MIND C.T.I. has a 1-year low of $1.70 and a 1-year high of $2.28. The company’s fifty day moving average price is $2.05 and its 200-day moving average price is $1.99.

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.