Short Interest in MIND C.T.I. Ltd. (NASDAQ:MNDO) Drops By 88.6%

MIND C.T.I. Ltd. (NASDAQ:MNDO) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 1,426 shares, a decline of 88.6% from the January 29th total of 12,508 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,666 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 49,666 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On MIND C.T.I.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of MIND C.T.I. during the first quarter worth $37,000. Glenorchy Capital Ltd increased its position in MIND C.T.I. by 9.1% in the second quarter. Glenorchy Capital Ltd now owns 273,791 shares of the information technology services provider’s stock worth $375,000 after purchasing an additional 22,808 shares during the period. Finally, Signal Advisors Wealth LLC bought a new stake in MIND C.T.I. during the 4th quarter worth about $41,000. 24.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MIND C.T.I. in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, MIND C.T.I. has an average rating of “Sell”.

MIND C.T.I. Price Performance

Shares of MNDO stock traded up $0.01 during trading hours on Wednesday, reaching $1.19. 10,427 shares of the company were exchanged, compared to its average volume of 38,630. MIND C.T.I. has a fifty-two week low of $0.98 and a fifty-two week high of $2.12. The stock’s fifty day moving average is $1.19 and its two-hundred day moving average is $1.16. The company has a market cap of $24.24 million, a price-to-earnings ratio of 9.15 and a beta of 0.58.

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.