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

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 17,000 shares, an increase of 120.8% from the January 31st total of 7,700 shares. Based on an average trading volume of 33,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp increased its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,009 shares of the information technology services provider’s stock after acquiring an additional 36,781 shares during the period. Northern Trust Corp owned approximately 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent quarter. 24.32% of the stock is owned by institutional investors and hedge funds.

MIND C.T.I. Trading Up 1.5 %

NASDAQ:MNDO traded up $0.03 during mid-day trading on Friday, reaching $2.05. 19,402 shares of the stock were exchanged, compared to its average volume of 39,985. The business has a fifty day moving average price of $2.04 and a 200 day moving average price of $1.98. The firm has a market capitalization of $41.26 million, a PE ratio of 9.32 and a beta of 0.79. MIND C.T.I. has a 1-year low of $1.70 and a 1-year high of $2.28.

MIND C.T.I. Company Profile

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.