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

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 879 shares, a decrease of 81.6% from the December 15th total of 4,775 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 41,250 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 41,250 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

MIND C.T.I. Stock Performance

Shares of NASDAQ MNDO traded up $0.02 during trading on Monday, hitting $1.26. The company had a trading volume of 21,556 shares, compared to its average volume of 21,622. The business’s 50-day moving average is $1.17 and its 200 day moving average is $1.21. The company has a market cap of $25.66 million, a P/E ratio of 9.69 and a beta of 0.59. MIND C.T.I. has a 52 week low of $0.98 and a 52 week high of $2.13.

MIND C.T.I. (NASDAQ:MNDO) last issued its earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 EPS for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.The firm had revenue of $4.82 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MIND C.T.I. stock. Jane Street Group LLC purchased a new position in MIND C.T.I. Ltd. (NASDAQ:MNDO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,645 shares of the information technology services provider’s stock, valued at approximately $37,000. Jane Street Group LLC owned approximately 0.10% of MIND C.T.I. at the end of the most recent reporting period. Institutional investors own 24.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.