MIND Technology, Inc. (NASDAQ:MIND) Short Interest Update

MIND Technology, Inc. (NASDAQ:MIND) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 247,300 shares, a decrease of 26.2% from the February 28th total of 334,900 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 338,000 shares, the short-interest ratio is currently 0.7 days.

MIND Technology Stock Performance

Shares of MIND stock opened at $5.89 on Friday. The firm has a fifty day moving average of $8.19 and a 200-day moving average of $6.02. The stock has a market cap of $8.28 million, a price-to-earnings ratio of 1.89 and a beta of 0.94. MIND Technology has a 52-week low of $3.05 and a 52-week high of $11.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered MIND Technology from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in shares of MIND Technology in the 4th quarter valued at approximately $146,000. Citadel Advisors LLC acquired a new stake in MIND Technology in the 4th quarter valued at $264,000. Northern Trust Corp bought a new stake in MIND Technology in the fourth quarter valued at $155,000. Marshall Wace LLP acquired a new position in MIND Technology during the fourth quarter worth $825,000. Finally, XTX Topco Ltd acquired a new stake in shares of MIND Technology in the 4th quarter valued at $114,000. Institutional investors and hedge funds own 9.83% of the company’s stock.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary 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; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.