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

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

Institutional Trading of MIND Technology

A hedge fund recently bought a new stake in MIND Technology stock. Virtu Financial LLC bought a new position in MIND Technology, Inc. (NASDAQ:MIND) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,104 shares of the company’s stock, valued at approximately $43,000. Virtu Financial LLC owned about 0.79% of MIND Technology as of its most recent SEC filing. 9.83% of the stock is owned by institutional investors and hedge funds.

MIND Technology Stock Up 0.3 %

MIND traded up $0.03 during trading on Friday, reaching $9.32. 83,820 shares of the company were exchanged, compared to its average volume of 312,338. The company’s 50-day moving average is $6.65 and its two-hundred day moving average is $4.92. The company has a market cap of $13.14 million, a price-to-earnings ratio of 2.99 and a beta of 0.90. MIND Technology has a 12-month low of $3.05 and a 12-month high of $9.45.

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

Wall Street Analysts Forecast Growth

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

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.