MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Up 300.0% in November

MIND C.T.I. Ltd (NASDAQ:MNDO) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 6,000 shares, a growth of 300.0% from the November 15th total of 1,500 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,300 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd increased its position in MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,783 shares of the information technology services provider’s stock after acquiring an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 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. Stock Performance

Shares of MNDO remained flat at $2.02 during trading hours on Wednesday. The stock had a trading volume of 12,312 shares, compared to its average volume of 28,925. The firm has a market cap of $40.64 million, a price-to-earnings ratio of 9.17 and a beta of 0.78. The company’s 50-day moving average is $1.97 and its 200 day moving average is $1.92. MIND C.T.I. has a 1 year low of $1.70 and a 1 year high of $2.28.

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

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.