Mondee Holdings, Inc. (NASDAQ:MOND) Short Interest Down 16.3% in November

Mondee Holdings, Inc. (NASDAQ:MOND) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 2,160,000 shares, a drop of 16.3% from the November 15th total of 2,580,000 shares. Approximately 8.1% of the shares of the stock are sold short. Based on an average daily volume of 626,300 shares, the short-interest ratio is presently 3.4 days.

Mondee Stock Performance

Shares of MOND opened at $0.05 on Friday. Mondee has a twelve month low of $0.02 and a twelve month high of $3.19. The firm has a market capitalization of $4.36 million, a P/E ratio of -0.04 and a beta of -0.33. The firm’s 50-day moving average is $0.98 and its two-hundred day moving average is $1.71.

Institutional Investors Weigh In On Mondee

A number of institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its holdings in Mondee by 237.2% during the third quarter. Barclays PLC now owns 58,667 shares of the company’s stock worth $82,000 after purchasing an additional 41,271 shares during the last quarter. TCW Group Inc. raised its stake in shares of Mondee by 12.1% during the 3rd quarter. TCW Group Inc. now owns 930,674 shares of the company’s stock worth $1,294,000 after buying an additional 100,620 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its position in shares of Mondee by 256.2% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 56,010 shares of the company’s stock worth $78,000 after buying an additional 40,284 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Mondee by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 123,928 shares of the company’s stock worth $297,000 after buying an additional 4,774 shares in the last quarter. Finally, Catalina Capital Group LLC acquired a new stake in Mondee in the 2nd quarter valued at about $30,000. Institutional investors and hedge funds own 32.14% of the company’s stock.

Mondee Company Profile

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.