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

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 17,611 shares, an increase of 1,135.0% from the February 12th total of 1,426 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 25,431 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 25,431 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Glenorchy Capital Ltd increased its holdings in MIND C.T.I. by 9.1% during the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after purchasing an additional 22,808 shares in the last quarter. Signal Advisors Wealth LLC acquired a new position in shares of MIND C.T.I. during the fourth quarter worth about $41,000. Finally, Jane Street Group LLC bought a new position in shares of MIND C.T.I. during the first quarter worth about $37,000. 24.32% of the stock is owned by institutional investors and hedge funds.

MIND C.T.I. Stock Performance

NASDAQ MNDO traded up $0.03 during trading hours on Thursday, reaching $1.20. 19,955 shares of the company’s stock were exchanged, compared to its average volume of 30,656. The company has a market capitalization of $24.34 million, a price-to-earnings ratio of 9.96 and a beta of 0.54. The company’s 50-day moving average is $1.20 and its two-hundred day moving average is $1.17. MIND C.T.I. has a one year low of $0.98 and a one year high of $2.12.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings results on Tuesday, March 10th. The information technology services provider reported $0.05 earnings per share for the quarter. The firm had revenue of $4.89 million for the quarter. MIND C.T.I. had a net margin of 13.38% and a return on equity of 12.18%.

About MIND C.T.I.

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.