MIND C.T.I. Ltd (NASDAQ:MNDO) Sees Large Decrease in Short Interest

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 2,900 shares, a drop of 37.0% from the July 31st total of 4,600 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 0.1 days.

MIND C.T.I. Stock Up 0.5 %

Shares of MNDO stock opened at $1.88 on Wednesday. The company has a market capitalization of $37.84 million, a P/E ratio of 7.52 and a beta of 0.78. MIND C.T.I. has a 12-month low of $1.70 and a 12-month high of $2.28. The firm has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.93.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported $0.05 earnings per share for the quarter. The firm had revenue of $5.27 million during the quarter. MIND C.T.I. had a return on equity of 22.92% and a net margin of 23.55%.

Institutional Investors Weigh In On MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. BNP Paribas Financial Markets boosted its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 24.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,510 shares of the information technology services provider’s stock after acquiring an additional 14,810 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.37% of MIND C.T.I. worth $141,000 as of its most recent SEC filing. 24.32% of the stock is owned by institutional investors and hedge funds.

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.