MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Up 300.0% in November

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 6,000 shares, an increase of 300.0% from the November 15th total of 1,500 shares. Based on an average daily trading volume, of 23,300 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

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 raised 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 disclosure with the Securities & Exchange Commission. The institutional investor 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 approximately 1.30% of MIND C.T.I. worth $514,000 as of its most recent filing with the Securities & Exchange Commission. 24.32% of the stock is currently owned by institutional investors.

MIND C.T.I. Stock Performance

Shares of NASDAQ:MNDO remained flat at $2.02 during midday trading on Wednesday. The stock had a trading volume of 12,312 shares, compared to its average volume of 28,925. The firm has a market cap of $40.64 million, a P/E ratio of 9.17 and a beta of 0.78. The business has a 50-day simple moving average of $1.97 and a two-hundred day simple moving average of $1.92. MIND C.T.I. has a 52-week low of $1.70 and a 52-week high of $2.28.

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

MIND C.T.I. Company Profile

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.