Short Interest in MIND C.T.I. Ltd (NASDAQ:MNDO) Declines By 16.7%

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 1,500 shares, a drop of 16.7% from the October 31st total of 1,800 shares. Based on an average trading volume of 23,400 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

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

MIND C.T.I. Price Performance

NASDAQ MNDO opened at $1.98 on Monday. MIND C.T.I. has a one year low of $1.70 and a one year high of $2.28. The business’s fifty day moving average is $1.97 and its 200-day moving average is $1.91. The stock has a market capitalization of $39.84 million, a price-to-earnings ratio of 9.00 and a beta of 0.79.

MIND C.T.I. (NASDAQ:MNDO) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share for the quarter. The business had revenue of $5.21 million during the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%.

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.