MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Down 88.6% in February

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,426 shares, a decrease of 88.6% from the January 29th total of 12,508 shares. Based on an average daily trading volume, of 49,666 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,666 shares, the short-interest ratio is currently 0.0 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in shares of MIND C.T.I. during the 1st quarter valued at about $37,000. Signal Advisors Wealth LLC bought a new position in MIND C.T.I. during the fourth quarter valued at approximately $41,000. Finally, Glenorchy Capital Ltd raised its stake in shares of MIND C.T.I. by 9.1% during the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after acquiring an additional 22,808 shares in the last quarter. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

MIND C.T.I. Trading Up 1.6%

Shares of NASDAQ:MNDO traded up $0.02 during trading on Thursday, reaching $1.21. The company had a trading volume of 13,753 shares, compared to its average volume of 28,396. MIND C.T.I. has a 12 month low of $0.98 and a 12 month high of $2.12. The stock has a market capitalization of $24.63 million, a P/E ratio of 9.29 and a beta of 0.58. The company has a fifty day moving average of $1.19 and a two-hundred day moving average of $1.16.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, MIND C.T.I. presently has a consensus rating of “Sell”.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.