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 significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,555 shares, an increase of 72.2% from the April 30th total of 2,065 shares. Based on an average trading volume of 51,255 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, MIND C.T.I. currently has an average rating of “Hold”.

MIND C.T.I. Trading Down 8.1%

Shares of MNDO opened at $0.92 on Thursday. The firm’s 50-day moving average is $1.04 and its two-hundred day moving average is $1.14. MIND C.T.I. has a twelve month low of $0.85 and a twelve month high of $1.52. The firm has a market capitalization of $18.70 million, a P/E ratio of 6.56 and a beta of 0.40.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings results on Monday, May 11th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%. The company had revenue of $5.09 million for the quarter.

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

A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in MIND C.T.I. during the first quarter worth about $37,000. Renaissance Technologies LLC purchased a new position in shares of MIND C.T.I. in the 1st quarter valued at $26,000. Signal Advisors Wealth LLC purchased a new position in shares of MIND C.T.I. in the 4th quarter valued at $41,000. Finally, Glenorchy Capital Ltd raised its stake in shares of 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 acquiring an additional 22,808 shares during the period. Hedge funds and other institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Company Profile

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.