MIND C.T.I. Ltd. (NASDAQ:MNDO) was the target of a large increase in short interest in June. As of June 30th, there was short interest totalling 37,700 shares, an increase of 54.5% from the May 30th total of 24,400 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 26,900 shares, the days-to-cover ratio is currently 1.4 days.

Institutional investors have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan bought a new stake in MIND C.T.I. during the 4th quarter valued at approximately $317,000. Acadian Asset Management LLC lifted its holdings in shares of MIND C.T.I. by 26.2% during the first quarter. Acadian Asset Management LLC now owns 162,082 shares of the information technology services provider’s stock valued at $346,000 after purchasing an additional 33,640 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of MIND C.T.I. by 5.8% during the third quarter. Morgan Stanley now owns 885,170 shares of the information technology services provider’s stock valued at $2,054,000 after purchasing an additional 48,330 shares during the last quarter. 15.87% of the stock is currently owned by institutional investors and hedge funds.

MIND C.T.I. stock traded up $0.02 during trading hours on Thursday, hitting $2.18. 14,500 shares of the stock traded hands, compared to its average volume of 31,816. The business’s 50-day moving average price is $2.18. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $43.20 million, a P/E ratio of 7.86 and a beta of 0.72. MIND C.T.I. has a one year low of $2.08 and a one year high of $2.50.

MIND C.T.I. (NASDAQ:MNDO) last posted its quarterly earnings data on Monday, May 20th. The information technology services provider reported $0.08 earnings per share for the quarter. The business had revenue of $4.46 million for the quarter. MIND C.T.I. had a return on equity of 28.47% and a net margin of 30.28%.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, designs, develops, markets, supports, implements, and operates real-time and off-line convergent billing and customer care software solutions in the United States, the United Kingdom and Rest of Europe, Israel, and internationally. The company offers billing and customer care solution that supports various services, such as voice, data, and content services, as well as prepaid, postpaid, and pay-in-advance payment models in a single platform.

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