MIND C.T.I. Ltd. (NASDAQ:MNDO) Sees Large Increase in Short Interest

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 12,508 shares, an increase of 470.6% from the January 15th total of 2,192 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 20,617 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 20,617 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

MIND C.T.I. Price Performance

MNDO traded down $0.02 on Tuesday, reaching $1.14. 56,107 shares of the company’s stock were exchanged, compared to its average volume of 23,347. MIND C.T.I. has a twelve month low of $0.98 and a twelve month high of $2.13. The stock has a market cap of $23.22 million, a PE ratio of 8.77 and a beta of 0.58. The stock’s fifty day moving average price is $1.19 and its 200-day moving average price is $1.18.

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

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 MNDO. Glenorchy Capital Ltd grew its holdings in MIND C.T.I. by 9.1% in the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after buying an additional 22,808 shares in the last quarter. Jane Street Group LLC purchased a new stake in MIND C.T.I. in the first quarter valued at $37,000. Finally, Signal Advisors Wealth LLC acquired a new position in MIND C.T.I. in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 24.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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