MIND C.T.I. Ltd. (NASDAQ:MNDO) Sees Significant Growth in Short Interest

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 3,555 shares, an increase of 72.2% from the April 30th total of 2,065 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 51,255 shares, the days-to-cover ratio is presently 0.1 days.

MIND C.T.I. Stock Performance

Shares of MNDO stock opened at $1.00 on Wednesday. MIND C.T.I. has a 52-week low of $0.85 and a 52-week high of $1.52. The stock has a market cap of $20.35 million, a price-to-earnings ratio of 7.14 and a beta of 0.40. The firm has a fifty day moving average of $1.05 and a 200-day moving average of $1.14.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings data on Monday, May 11th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%. The company had revenue of $5.09 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of MIND C.T.I. from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

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

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in shares of MIND C.T.I. in the 1st quarter valued at $37,000. Renaissance Technologies LLC acquired a new position in shares of MIND C.T.I. in the 1st quarter valued at $26,000. Glenorchy Capital Ltd raised its stake in shares of MIND C.T.I. by 9.1% in the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after buying an additional 22,808 shares in the last quarter. Finally, Signal Advisors Wealth LLC bought a new stake in shares of MIND C.T.I. in the 4th quarter worth about $41,000. Institutional investors and hedge funds own 24.32% of the company’s stock.

About MIND C.T.I.

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.