Short Interest in MIND C.T.I. Ltd (NASDAQ:MNDO) Expands By 4,800.0%

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 9,800 shares, an increase of 4,800.0% from the December 31st total of 200 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 0.4 days.

MIND C.T.I. Trading Down 1.4 %

Shares of NASDAQ:MNDO traded down $0.03 during midday trading on Thursday, reaching $2.10. The company had a trading volume of 44,342 shares, compared to its average volume of 29,355. MIND C.T.I. has a 52-week low of $1.70 and a 52-week high of $2.28. The company’s 50 day moving average price is $2.02 and its 200 day moving average price is $1.96. The stock has a market cap of $42.25 million, a P/E ratio of 9.55 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 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 company had revenue of $5.21 million during the quarter.

Institutional Trading of MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd lifted its holdings in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 24.32% of the company’s stock.

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.