MIND Technology, Inc. (NASDAQ:MIND) Short Interest Update

MIND Technology, Inc. (NASDAQ:MIND) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 21,900 shares, a drop of 49.1% from the October 15th total of 43,000 shares. Based on an average daily volume of 64,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of MIND Technology from a “hold” rating to a “buy” rating in a report on Thursday, October 10th.

MIND Technology Stock Performance

MIND traded up $0.04 during trading on Wednesday, reaching $3.83. 42,557 shares of the company’s stock were exchanged, compared to its average volume of 43,815. The company’s fifty day moving average price is $3.70 and its 200-day moving average price is $4.22. MIND Technology has a fifty-two week low of $3.05 and a fifty-two week high of $6.98. The firm has a market capitalization of $5.40 million, a PE ratio of -127.62 and a beta of 1.15.

MIND Technology (NASDAQ:MIND) last announced its quarterly earnings results on Wednesday, September 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.13). MIND Technology had a net margin of 9.88% and a negative return on equity of 10.38%. The firm had revenue of $10.04 million during the quarter.

About MIND Technology

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.