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

MIND Technology, Inc. (NASDAQ:MIND) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 165,700 shares, a growth of 630.0% from the November 30th total of 22,700 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 207,600 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in MIND Technology stock. Virtu Financial LLC acquired a new position in shares of MIND Technology, Inc. (NASDAQ:MIND) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned approximately 0.79% of MIND Technology as of its most recent filing with the Securities and Exchange Commission. 9.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of MIND Technology from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

MIND Technology Stock Down 0.8 %

MIND traded down $0.06 during midday trading on Thursday, hitting $7.49. The company had a trading volume of 261,367 shares, compared to its average volume of 87,050. The company has a market capitalization of $10.53 million, a price-to-earnings ratio of 2.41 and a beta of 1.18. The stock’s 50 day moving average price is $4.45 and its 200 day moving average price is $4.26. MIND Technology has a 52 week low of $3.05 and a 52 week high of $8.18.

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.