MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Up 4,800.0% in January

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 9,800 shares, an increase of 4,800.0% from the December 31st total of 200 shares. Based on an average daily trading volume, of 22,000 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

MIND C.T.I. Stock Performance

Shares of NASDAQ MNDO traded down $0.03 during mid-day trading on Thursday, hitting $2.10. The stock had a trading volume of 44,342 shares, compared to its average volume of 29,355. The business has a 50 day moving average price of $2.02 and a two-hundred day moving average price of $1.96. The firm has a market cap of $42.25 million, a P/E ratio of 9.55 and a beta of 0.78. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28.

MIND C.T.I. (NASDAQ:MNDO) last announced its earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share (EPS) for the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%. The firm had revenue of $5.21 million during the quarter.

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

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd raised its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 260,783 shares of the information technology services provider’s stock after purchasing an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.32% of the company’s stock.

About MIND C.T.I.

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.