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

Posted by William Tyler on Apr 28th, 2024

MIND C.T.I. Ltd (NASDAQ:MNDO – Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 9,100 shares, a growth of 213.8% from the March 31st total of 2,900 shares. Based on an average daily trading volume, of 41,800 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

MIND C.T.I. Trading Down 0.5 %

NASDAQ:MNDO opened at $1.87 on Friday. The company has a market capitalization of $37.62 million, a P/E ratio of 7.48 and a beta of 0.77. MIND C.T.I. has a 12 month low of $1.82 and a 12 month high of $2.28. The business’s 50-day moving average is $2.00 and its 200 day moving average is $1.97.

MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last posted its earnings results on Wednesday, March 6th. The information technology services provider reported $0.06 EPS for the quarter. The company had revenue of $5.61 million for the quarter. MIND C.T.I. had a return on equity of 23.09% and a net margin of 23.91%.

MIND C.T.I. Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 20th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a dividend yield of 11.21%. MIND C.T.I.’s dividend payout ratio is currently 96.00%.

Institutional Investors Weigh In On MIND C.T.I.

An institutional investor recently bought a new position in MIND C.T.I. stock. Glenorchy Capital Ltd acquired a new stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 117,548 shares of the information technology services provider’s stock, valued at approximately $230,000. Glenorchy Capital Ltd owned 0.58% of MIND C.T.I. at the end of the most recent reporting period. 24.32% of the stock is owned by hedge funds and other institutional investors.

MIND C.T.I. Company Profile

(Get Free Report)

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.