MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Down 51.9% in January

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 7,700 shares, a drop of 51.9% from the January 15th total of 16,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 28,300 shares, the short-interest ratio is currently 0.3 days.

MIND C.T.I. Stock Performance

MIND C.T.I. stock traded down $0.01 during mid-day trading on Thursday, reaching $2.00. The company’s stock had a trading volume of 95,534 shares, compared to its average volume of 39,967. The company has a market capitalization of $40.24 million, a P/E ratio of 9.09 and a beta of 0.79. The firm’s fifty day moving average price is $2.03 and its two-hundred day moving average price is $1.97. MIND C.T.I. has a 12-month low of $1.70 and a 12-month high of $2.28.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MIND C.T.I. stock. Glenorchy Capital Ltd increased its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% during the third 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 acquiring an additional 31,544 shares during the period. Glenorchy Capital Ltd owned approximately 1.30% of MIND C.T.I. worth $514,000 as of its most recent filing with the Securities and Exchange Commission. 24.32% of the stock is owned by institutional investors and hedge funds.

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.