MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Down 75.6% in June

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,321 shares, a drop of 75.6% from the June 15th total of 17,703 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 52,694 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of MIND C.T.I.

Several hedge funds have recently bought and sold shares of the stock. Glenorchy Capital Ltd grew its holdings in MIND C.T.I. by 9.1% during the 2nd quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock valued at $375,000 after buying an additional 22,808 shares in the last quarter. Signal Advisors Wealth LLC purchased a new stake in MIND C.T.I. in the 4th quarter worth approximately $41,000. Renaissance Technologies LLC acquired a new position in MIND C.T.I. during the first quarter worth $26,000. Finally, Jane Street Group LLC purchased a new stake in MIND C.T.I. during the 1st quarter valued at about $37,000. Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Trading Up 3.9%

MNDO stock traded up $0.04 during midday trading on Friday, reaching $1.06. 102,205 shares of the company’s stock traded hands, compared to its average volume of 60,733. MIND C.T.I. has a 52-week low of $0.85 and a 52-week high of $1.52. The stock has a market cap of $21.39 million, a P/E ratio of 7.57 and a beta of 0.39. The stock’s 50-day moving average is $0.98 and its 200 day moving average is $1.10.

MIND C.T.I. (NASDAQ:MNDO) last issued its quarterly earnings results on Monday, May 11th. The information technology services provider reported $0.04 earnings per share for the quarter. The business had revenue of $5.08 million for the quarter. MIND C.T.I. had a net margin of 15.26% and a return on equity of 13.20%.

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.