Short Interest in MIND C.T.I. Ltd. (NASDAQ:MNDO) Declines By 47.6%

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 4,775 shares, a decline of 47.6% from the November 30th total of 9,118 shares. Based on an average daily volume of 33,844 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 33,844 shares, the days-to-cover ratio is currently 0.1 days.

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

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd increased its stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) by 9.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 273,791 shares of the information technology services provider’s stock after acquiring an additional 22,808 shares during the period. Glenorchy Capital Ltd owned approximately 1.34% of MIND C.T.I. worth $375,000 at the end of the most recent reporting period. 24.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

MIND C.T.I. Price Performance

Shares of MIND C.T.I. stock traded up $0.01 during trading on Monday, hitting $1.18. 146,028 shares of the stock were exchanged, compared to its average volume of 50,024. MIND C.T.I. has a 12-month low of $0.98 and a 12-month high of $2.13. The stock has a market cap of $24.04 million, a price-to-earnings ratio of 9.08 and a beta of 0.60. The firm’s 50-day moving average price is $1.15 and its 200 day moving average price is $1.22.

MIND C.T.I. (NASDAQ:MNDO) last released its quarterly earnings results on Wednesday, November 12th. The information technology services provider reported $0.03 EPS for the quarter. MIND C.T.I. had a return on equity of 13.08% and a net margin of 14.63%.The company had revenue of $4.82 million for the quarter.

About MIND C.T.I.

MIND C.T.I. Ltd. is a provider of operations support systems (OSS) and network automation solutions for telecommunications service providers and cable operators. The company’s product portfolio includes service fulfillment, inventory and resource management, trouble ticketing, network monitoring, mediation, revenue assurance and analytics modules. By integrating these modules through a unified platform, MIND C.T.I. enables service providers to streamline service activation, reduce manual intervention, improve network visibility and drive operational efficiencies.

Founded in 1990 and headquartered in Tel Aviv, Israel, MIND C.T.I.