MIND Technology, Inc. (NASDAQ:MIND) Short Interest Up 59.8% in February

MIND Technology, Inc. (NASDAQ:MIND) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 334,900 shares, a growth of 59.8% from the February 13th total of 209,600 shares. Currently, 4.3% of the company’s stock are short sold. Based on an average daily volume of 440,700 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. IFP Advisors Inc bought a new position in shares of MIND Technology during the 4th quarter worth approximately $32,000. Brighton Jones LLC bought a new stake in MIND Technology in the 4th quarter valued at $138,000. Virtu Financial LLC bought a new stake in MIND Technology in the 3rd quarter valued at $43,000. Squarepoint Ops LLC bought a new stake in MIND Technology in the 4th quarter valued at $146,000. Finally, Citadel Advisors LLC bought a new stake in MIND Technology in the 4th quarter valued at $264,000. 9.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered MIND Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th.

MIND Technology Trading Up 3.7 %

Shares of NASDAQ:MIND traded up $0.26 during trading on Friday, hitting $7.23. 168,568 shares of the company were exchanged, compared to its average volume of 156,681. The stock has a market cap of $10.17 million, a price-to-earnings ratio of 2.32 and a beta of 0.94. MIND Technology has a fifty-two week low of $3.05 and a fifty-two week high of $11.10. The firm has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $5.78.

MIND Technology (NASDAQ:MIND) last issued its earnings results on Tuesday, December 10th. The company reported $2.87 EPS for the quarter. MIND Technology had a negative return on equity of 104.48% and a net margin of 9.92%.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.