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

MIND C.T.I. Ltd (NASDAQ:MNDO) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 19,500 shares, a growth of 1,672.7% from the February 28th total of 1,100 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

MIND C.T.I. Trading Up 2.2 %

Shares of MIND C.T.I. stock traded up $0.04 on Thursday, reaching $1.83. 12,819 shares of the stock were exchanged, compared to its average volume of 36,526. The firm has a market capitalization of $37.27 million, a PE ratio of 8.32 and a beta of 0.76. MIND C.T.I. has a 1-year low of $1.70 and a 1-year high of $2.13. The business has a fifty day moving average price of $2.03 and a two-hundred day moving average price of $2.00.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results 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 return on equity of 21.27% and a net margin of 22.08%. The business had revenue of $5.20 million during the quarter.

MIND C.T.I. Cuts Dividend

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

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

A hedge fund recently raised its stake in MIND C.T.I. stock. Northern Trust Corp raised its stake in MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,009 shares of the information technology services provider’s stock after buying an additional 36,781 shares during the period. Northern Trust Corp owned approximately 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 institutional investors and hedge funds.

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.