MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Update

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 12,721 shares, a decrease of 33.3% from the August 15th total of 19,072 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 46,175 shares, the days-to-cover ratio is currently 0.3 days.

MIND C.T.I. Stock Performance

NASDAQ MNDO traded down $0.01 on Friday, reaching $1.04. The company had a trading volume of 307 shares, compared to its average volume of 42,469. MIND C.T.I. has a 1-year low of $0.85 and a 1-year high of $1.29. The company’s fifty day moving average is $1.02 and its 200-day moving average is $1.04. The firm has a market capitalization of $21.09 million, a price-to-earnings ratio of 6.53 and a beta of 0.39.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings data on Thursday, August 6th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $4.61 million during the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%.

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

An institutional investor recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC purchased a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned 0.11% of MIND C.T.I. as of its most recent SEC filing. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded MIND C.T.I. from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MIND C.T.I. currently has an average rating of “Sell”.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd. is an Israeli software company that develops billing, customer-care and operational support systems for communications service providers. Its solutions are designed to help telecommunications operators manage subscribers, service usage, invoicing, payments and customer interactions across multiple types of networks and services.

The company’s offerings have included convergent billing and customer-care software for wireline, wireless, broadband, Voice over Internet Protocol (VoIP), mobile virtual network operator and other communications services.