MIND C.T.I. Ltd. (NASDAQ:MNDO) Sees Significant Growth in Short Interest

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 2,192 shares, an increase of 149.4% from the December 31st total of 879 shares. Based on an average daily volume of 18,605 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 18,605 shares, the days-to-cover ratio is presently 0.1 days.

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

Several institutional investors have recently bought and sold shares of MNDO. Jane Street Group LLC purchased a new stake in MIND C.T.I. during the first quarter worth about $37,000. Signal Advisors Wealth LLC purchased a new position in shares of MIND C.T.I. during the 4th quarter worth $41,000. Finally, Glenorchy Capital Ltd grew its position in shares of MIND C.T.I. by 9.1% in the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after purchasing an additional 22,808 shares during the period. 24.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MIND C.T.I. in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

MIND C.T.I. Stock Down 5.7%

Shares of MNDO traded down $0.07 during midday trading on Friday, reaching $1.15. The company had a trading volume of 72,523 shares, compared to its average volume of 16,032. The firm has a 50 day simple moving average of $1.20 and a 200-day simple moving average of $1.19. MIND C.T.I. has a 1-year low of $0.98 and a 1-year high of $2.13. The stock has a market cap of $23.43 million, a PE ratio of 8.85 and a beta of 0.59.

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.

MIND C.T.I. Company Profile

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.