MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Up 120.8% in February

MIND C.T.I. Ltd (NASDAQ:MNDO) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 17,000 shares, a growth of 120.8% from the January 31st total of 7,700 shares. Based on an average daily volume of 33,600 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND C.T.I. stock. Northern Trust Corp boosted its position in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 91.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,009 shares of the information technology services provider’s stock after buying an additional 36,781 shares during the period. Northern Trust Corp owned 0.38% of MIND C.T.I. worth $152,000 as of its most recent SEC filing. 24.32% of the stock is owned by institutional investors and hedge funds.

MIND C.T.I. Stock Up 1.5 %

MNDO traded up $0.03 on Friday, hitting $2.05. The company had a trading volume of 19,402 shares, compared to its average volume of 39,985. The company has a market cap of $41.26 million, a PE ratio of 9.32 and a beta of 0.79. MIND C.T.I. has a 12-month low of $1.70 and a 12-month high of $2.28. The business’s fifty day simple moving average is $2.05 and its 200 day simple moving average is $1.98.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.