MIND C.T.I. Ltd. (NASDAQ:MNDO) Stock Short Interest Report for September

MIND C.T.I. Ltd. (NASDAQ:MNDO – Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 9,442 shares, a drop of 37.6% from the September 15th total of 15,141 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 18,561 shares, the days-to-cover ratio is currently 0.5 days.

MIND C.T.I. Trading Up 1.1%

NASDAQ MNDO opened at $0.93 on Friday. MIND C.T.I. has a 1-year low of $0.85 and a 1-year high of $1.29. The company has a 50 day moving average of $1.00 and a 200-day moving average of $1.01. The firm has a market cap of $18.77 million, a price-to-earnings ratio of 5.81 and a beta of 0.40.

MIND C.T.I. (NASDAQ:MNDO – Get Free Report) last announced its earnings results on Thursday, August 6th. The information technology services provider reported $0.04 EPS for the quarter. The business had revenue of $4.61 million for the quarter. MIND C.T.I. had a return on equity of 14.09% and a net margin of 16.87%.

Hedge Funds Weigh In On MIND C.T.I.

A hedge fund recently bought a new position in MIND C.T.I. stock. Renaissance Technologies LLC bought a new position in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned about 0.11% of MIND C.T.I. as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 24.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of MIND C.T.I. from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on MNDO

About MIND C.T.I.

(Get Free Report)

MIND C.T.I. Ltd. is an Israeli software company that develops billing, customer care and operational support solutions for communications service providers. Its technology is designed for wireless, wireline, broadband, voice-over-internet-protocol (VoIP) and other telecommunications businesses.

The company’s solutions support functions such as convergent and real-time billing, account management, rating, invoicing, usage tracking and customer service. Its software is intended to help communications providers manage subscribers and monetize voice, data and other telecommunications services through integrated business-support systems.

MIND C.T.I.

See Also

Receive News & Ratings for MIND C.T.I. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MIND C.T.I. and related companies with MarketBeat.com's FREE daily email newsletter.