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 September. As of September 15th, there was short interest totaling 7,200 shares, a decline of 56.1% from the August 31st total of 16,400 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 40,500 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 40,500 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MIND C.T.I. in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

MIND C.T.I. Price Performance

Shares of MIND C.T.I. stock opened at $1.11 on Friday. The firm’s fifty day simple moving average is $1.21 and its 200-day simple moving average is $1.43. MIND C.T.I. has a 12 month low of $1.02 and a 12 month high of $2.13. The stock has a market capitalization of $22.61 million, a price-to-earnings ratio of 7.93 and a beta of 0.66.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Monday, August 11th. The information technology services provider reported $0.02 earnings per share (EPS) for the quarter. MIND C.T.I. had a return on equity of 14.03% and a net margin of 15.58%.The firm had revenue of $4.75 million for the quarter.

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 grew its position in MIND C.T.I. Ltd. (NASDAQ:MNDO) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 273,791 shares of the information technology services provider’s stock after acquiring an additional 22,808 shares during the period. Glenorchy Capital Ltd owned about 1.34% of MIND C.T.I. worth $375,000 at the end of the most recent quarter. 24.32% of the stock is owned by hedge funds and other institutional investors.

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.