MIND C.T.I. Ltd (NASDAQ:MNDO) Short Interest Update

MIND C.T.I. Ltd (NASDAQ:MNDO) saw a significant increase in short interest in April. As of April 15th, there was short interest totalling 9,100 shares, an increase of 213.8% from the March 31st total of 2,900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 41,800 shares, the days-to-cover ratio is presently 0.2 days.

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

An institutional investor recently bought a new position in MIND C.T.I. stock. Guardian Wealth Management Inc. acquired a new stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,673 shares of the information technology services provider’s stock, valued at approximately $76,000. Guardian Wealth Management Inc. owned 0.20% of MIND C.T.I. as of its most recent filing with the Securities & Exchange Commission. 24.32% of the stock is owned by institutional investors and hedge funds.

MIND C.T.I. Stock Up 0.5 %

Shares of MNDO stock opened at $1.88 on Friday. MIND C.T.I. has a fifty-two week low of $1.82 and a fifty-two week high of $2.28. The business has a fifty day simple moving average of $2.01 and a 200-day simple moving average of $1.98. The stock has a market cap of $37.83 million, a P/E ratio of 7.52 and a beta of 0.77.

MIND C.T.I. (NASDAQ:MNDO) last posted its earnings results on Wednesday, March 6th. The information technology services provider reported $0.06 earnings per share for the quarter. MIND C.T.I. had a net margin of 23.91% and a return on equity of 23.09%. The firm had revenue of $5.61 million during the quarter.

MIND C.T.I. Dividend Announcement

The business also recently announced an annual dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 20th were paid a $0.24 dividend. This represents a yield of 11.21%. The ex-dividend date was Tuesday, March 19th. MIND C.T.I.’s payout ratio is currently 96.00%.

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.