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

MIND Technology, Inc. (NASDAQ:MIND) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 659,983 shares, a decrease of 13.5% from the January 15th total of 763,224 shares. Approximately 7.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 176,426 shares, the days-to-cover ratio is currently 3.7 days. Based on an average daily trading volume, of 176,426 shares, the days-to-cover ratio is currently 3.7 days. Approximately 7.5% of the shares of the stock are short sold.

MIND Technology Stock Performance

NASDAQ MIND opened at $8.53 on Thursday. The stock’s fifty day moving average is $9.00 and its two-hundred day moving average is $9.64. The firm has a market capitalization of $77.11 million, a P/E ratio of 22.45 and a beta of 0.58. MIND Technology has a fifty-two week low of $4.45 and a fifty-two week high of $14.50.

MIND Technology (NASDAQ:MIND) last posted its earnings results on Tuesday, December 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.15). MIND Technology had a net margin of 6.61% and a return on equity of 9.95%. The firm had revenue of $9.69 million during the quarter, compared to analyst estimates of $10.90 million.

Hedge Funds Weigh In On MIND Technology

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. acquired a new position in MIND Technology during the 4th quarter worth approximately $27,000. Pinnacle Holdings LLC purchased a new position in MIND Technology in the third quarter valued at $28,000. Raymond James Financial Inc. acquired a new stake in MIND Technology in the second quarter valued at $33,000. Arkadios Wealth Advisors purchased a new position in MIND Technology in the fourth quarter valued at approximately $106,000. Finally, Marshall Wace LLP acquired a new position in shares of MIND Technology in the 4th quarter valued at $125,000. Hedge funds and other institutional investors own 9.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on MIND shares. Wall Street Zen lowered shares of MIND Technology from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of MIND Technology in a research note on Wednesday, December 24th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

MIND Technology Company Profile

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.