MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Down 47.6% in December

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 4,775 shares, a decrease of 47.6% from the November 30th total of 9,118 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 33,844 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 33,844 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

MIND C.T.I. Stock Up 1.7%

NASDAQ MNDO traded up $0.02 during mid-day trading on Friday, hitting $1.17. The stock had a trading volume of 30,442 shares, compared to its average volume of 29,190. The company has a 50 day simple moving average of $1.15 and a 200 day simple moving average of $1.22. The company has a market cap of $23.83 million, a price-to-earnings ratio of 9.00 and a beta of 0.60. MIND C.T.I. has a 52-week low of $0.98 and a 52-week high of $2.13.

MIND C.T.I. (NASDAQ:MNDO) last posted its earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 earnings per share for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.The company had revenue of $4.82 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MIND C.T.I. in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, MIND C.T.I. presently has a consensus rating of “Sell”.

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 grew its holdings in MIND C.T.I. Ltd. (NASDAQ:MNDO) by 9.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,791 shares of the information technology services provider’s stock after purchasing an additional 22,808 shares during the quarter. Glenorchy Capital Ltd owned approximately 1.34% of MIND C.T.I. worth $375,000 at the end of the most recent quarter. 24.32% of the stock is owned by hedge funds and other institutional investors.

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.