MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Down 51.9% in January

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 7,700 shares, a decline of 51.9% from the January 15th total of 16,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 28,300 shares, the days-to-cover ratio is currently 0.3 days.

MIND C.T.I. Price Performance

MIND C.T.I. stock traded down $0.01 during mid-day trading on Thursday, reaching $2.00. 95,534 shares of the company were exchanged, compared to its average volume of 39,967. The firm has a market cap of $40.24 million, a PE ratio of 9.09 and a beta of 0.79. MIND C.T.I. has a 12 month low of $1.70 and a 12 month high of $2.28. The company has a fifty day simple moving average of $2.03 and a 200-day simple moving average of $1.97.

Institutional Trading of 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 its most recent filing with the SEC. The firm 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 approximately 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. 24.32% of the stock is currently owned by institutional investors.

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.