Short Interest in MIND C.T.I. Ltd (NASDAQ:MNDO) Declines By 16.7%

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,500 shares, a decrease of 16.7% from the October 31st total of 1,800 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 23,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of MIND C.T.I.

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd boosted its holdings in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 1.30% of MIND C.T.I. worth $514,000 at the end of the most recent quarter. Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Trading Up 0.0 %

NASDAQ MNDO opened at $1.98 on Monday. MIND C.T.I. has a 12 month low of $1.70 and a 12 month high of $2.28. The stock has a market cap of $39.84 million, a P/E ratio of 9.00 and a beta of 0.79. The stock’s fifty day moving average price is $1.97 and its 200-day moving average price is $1.91.

MIND C.T.I. (NASDAQ:MNDO) last posted its earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share for the quarter. MIND C.T.I. had a return on equity of 21.27% and a net margin of 22.08%. The company had revenue of $5.21 million for the quarter.

About MIND C.T.I.

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.