MITCHAM INDUSTR/SH (NASDAQ:MIND) was the target of a large drop in short interest in June. As of June 30th, there was short interest totalling 84,000 shares, a drop of 36.8% from the June 15th total of 132,900 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 182,200 shares, the days-to-cover ratio is currently 0.5 days.
Shares of MIND traded down $0.02 during midday trading on Friday, reaching $1.55. The stock had a trading volume of 156,131 shares, compared to its average volume of 192,255. MITCHAM INDUSTR/SH has a 1-year low of $0.70 and a 1-year high of $4.42. The company’s fifty day simple moving average is $1.58 and its two-hundred day simple moving average is $1.94. The company has a market cap of $18.88 million, a price-to-earnings ratio of -1.07 and a beta of 1.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.39 and a quick ratio of 1.78.
MITCHAM INDUSTR/SH (NASDAQ:MIND) last announced its quarterly earnings data on Tuesday, April 21st. The company reported ($0.29) earnings per share for the quarter. MITCHAM INDUSTR/SH had a negative net margin of 38.60% and a negative return on equity of 46.46%. The firm had revenue of $13.26 million during the quarter.
Institutional investors and hedge funds have recently made changes to their positions in the company. PEAK6 Investments LLC raised its holdings in shares of MITCHAM INDUSTR/SH by 113.6% in the 4th quarter. PEAK6 Investments LLC now owns 62,748 shares of the company’s stock valued at $180,000 after purchasing an additional 33,374 shares in the last quarter. White Pine Capital LLC raised its holdings in shares of MITCHAM INDUSTR/SH by 73.4% in the 1st quarter. White Pine Capital LLC now owns 523,145 shares of the company’s stock valued at $654,000 after purchasing an additional 221,425 shares in the last quarter. Finally, Ariel Investments LLC raised its holdings in shares of MITCHAM INDUSTR/SH by 1.4% in the 4th quarter. Ariel Investments LLC now owns 2,872,310 shares of the company’s stock valued at $8,244,000 after purchasing an additional 39,768 shares in the last quarter. Institutional investors and hedge funds own 70.18% of the company’s stock.
MITCHAM INDUSTR/SH Company Profile
Mitcham Industries, Inc, through its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries worldwide. The company operates in two segments, Marine Technology Products, and Equipment Leasing. The Marine Technology Products segment develops, manufactures, and sells proprietary products.
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