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

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 17,000 shares, a growth of 120.8% from the January 31st total of 7,700 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 33,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp boosted its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,009 shares of the information technology services provider’s stock after purchasing an additional 36,781 shares during the period. Northern Trust Corp owned about 0.38% of MIND C.T.I. worth $152,000 at the end of the most recent reporting period. 24.32% of the stock is currently owned by hedge funds and other institutional investors.

MIND C.T.I. Price Performance

MIND C.T.I. stock traded up $0.03 during mid-day trading on Friday, hitting $2.05. The company’s stock had a trading volume of 19,402 shares, compared to its average volume of 39,985. MIND C.T.I. has a 52-week low of $1.70 and a 52-week high of $2.28. The company has a market cap of $41.26 million, a PE ratio of 9.32 and a beta of 0.79. The firm’s 50 day moving average is $2.04 and its 200 day moving average is $1.98.

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.