MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Down 96.7% in December

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 200 shares, a decrease of 96.7% from the November 30th total of 6,000 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 0.0 days.

MIND C.T.I. Stock Down 0.5 %

MNDO traded down $0.01 during midday trading on Friday, reaching $1.98. The company had a trading volume of 12,394 shares, compared to its average volume of 28,789. The business has a 50-day moving average of $1.97 and a two-hundred day moving average of $1.93. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28. The company has a market cap of $39.75 million, a P/E ratio of 8.98 and a beta of 0.78.

MIND C.T.I. (NASDAQ:MNDO) last released 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 net margin of 22.08% and a return on equity of 21.27%. The company had revenue of $5.21 million during the quarter.

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd raised its holdings in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 260,783 shares of the information technology services provider’s stock after acquiring an additional 31,544 shares during the quarter. Glenorchy Capital Ltd owned approximately 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.32% of the company’s stock.

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.