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

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 9,800 shares, a growth of 4,800.0% from the December 15th total of 200 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is presently 0.4 days.

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

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd increased its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,783 shares of the information technology services provider’s stock after acquiring an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 24.32% of the company’s stock.

MIND C.T.I. Price Performance

MNDO traded up $0.02 on Monday, hitting $2.04. The company had a trading volume of 40,423 shares, compared to its average volume of 27,634. The stock has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $1.94. MIND C.T.I. has a 52-week low of $1.70 and a 52-week high of $2.28. The firm has a market capitalization of $41.06 million, a P/E ratio of 9.27 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO) last released its 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 firm had revenue of $5.21 million during the quarter.

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.