MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Down 93.5% in February

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,100 shares, a decline of 93.5% from the February 13th total of 17,000 shares. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp grew its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 about 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent reporting period. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

MIND C.T.I. Stock Performance

Shares of MNDO traded down $0.04 during mid-day trading on Thursday, hitting $1.93. 17,710 shares of the company traded hands, compared to its average volume of 45,137. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28. The stock has a market cap of $38.84 million, a price-to-earnings ratio of 8.77 and a beta of 0.76. The stock has a 50-day moving average price of $2.05 and a two-hundred day moving average price of $1.99.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings data on Tuesday, March 4th. The information technology services provider reported $0.06 earnings per share (EPS) for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%. The firm had revenue of $5.20 million during the quarter.

MIND C.T.I. Cuts Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, April 10th. Investors of record on Tuesday, March 25th will be paid a dividend of $0.22 per share. This represents a yield of 10.9%. The ex-dividend date is Tuesday, March 25th. MIND C.T.I.’s payout ratio is presently 100.00%.

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.