MIND Technology, Inc. (NASDAQ:MIND) Short Interest Down 58.4% in January

MIND Technology, Inc. (NASDAQ:MIND) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 69,000 shares, a decline of 58.4% from the December 31st total of 165,700 shares. Based on an average trading volume of 242,500 shares, the short-interest ratio is currently 0.3 days. Currently, 0.9% of the shares of the stock are short sold.

MIND Technology Stock Up 0.3 %

MIND traded up $0.03 during trading on Friday, hitting $9.32. The company’s stock had a trading volume of 83,820 shares, compared to its average volume of 312,338. MIND Technology has a twelve month low of $3.05 and a twelve month high of $9.45. The stock’s fifty day moving average price is $6.65 and its 200-day moving average price is $4.92. The firm has a market capitalization of $13.14 million, a P/E ratio of 2.99 and a beta of 0.90.

MIND Technology (NASDAQ:MIND) last released its quarterly earnings data on Tuesday, December 10th. The company reported $2.87 EPS for the quarter. MIND Technology had a negative return on equity of 104.48% and a net margin of 9.92%.

Analysts Set New Price Targets

Separately, StockNews.com lowered MIND Technology from a “buy” rating to a “hold” rating in a research note on Tuesday.

Institutional Investors Weigh In On MIND Technology

An institutional investor recently bought a new position in MIND Technology stock. Brighton Jones LLC acquired a new position in MIND Technology, Inc. (NASDAQ:MIND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,318 shares of the company’s stock, valued at approximately $138,000. Brighton Jones LLC owned about 1.23% of MIND Technology at the end of the most recent quarter. Institutional investors and hedge funds own 9.83% of the company’s stock.

MIND Technology Company Profile

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries worldwide. Its primary products include the GunLink seismic source acquisition and control systems that provide operators of marine seismic surveys with precise monitoring and control of energy sources; the BuoyLink RGPS tracking system, which is used to offer precise positioning of marine seismic energy sources and streamers; Sleeve Gun energy sources; SeaLink towed seismic streamer system; and Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications.