MIND C.T.I. Ltd. (NASDAQ:MNDO) Short Interest Down 33.3% in August

MIND C.T.I. Ltd. (NASDAQ:MNDO) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 12,721 shares, a decline of 33.3% from the August 15th total of 19,072 shares. Based on an average daily trading volume, of 46,175 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Analyst Ratings Changes

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 analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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

A hedge fund recently bought a new stake in MIND C.T.I. stock. Renaissance Technologies LLC bought a new stake in shares of MIND C.T.I. Ltd. (NASDAQ:MNDO) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,474 shares of the information technology services provider’s stock, valued at approximately $26,000. Renaissance Technologies LLC owned approximately 0.11% of MIND C.T.I. as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 24.32% of the company’s stock.

MIND C.T.I. Price Performance

MNDO remained flat at $1.05 during trading on Thursday. The company’s stock had a trading volume of 4,571 shares, compared to its average volume of 42,700. The company has a market capitalization of $21.19 million, a P/E ratio of 6.55 and a beta of 0.39. The firm’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $1.04. MIND C.T.I. has a twelve month low of $0.85 and a twelve month high of $1.29.

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

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.