MIND Technology, Inc. (NASDAQ:MIND) Short Interest Down 54.1% in January

MIND Technology, Inc. (NASDAQ:MINDGet Free Report) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,700 shares, a decline of 54.1% from the January 15th total of 3,700 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

MIND Technology Trading Down 0.9 %

MIND stock traded down $0.05 during trading on Monday, hitting $6.32. The company had a trading volume of 3,292 shares, compared to its average volume of 3,318. The business has a 50-day moving average of $5.92 and a 200-day moving average of $5.61. MIND Technology has a one year low of $4.00 and a one year high of $8.10. The stock has a market cap of $8.90 million, a PE ratio of -1.99 and a beta of 1.38.

MIND Technology (NASDAQ:MINDGet Free Report) last announced its earnings results on Thursday, December 14th. The company reported ($1.89) EPS for the quarter, missing the consensus estimate of ($0.20) by ($1.69). The company had revenue of $4.97 million during the quarter.

Institutional Trading of MIND Technology

An institutional investor recently raised its position in MIND Technology stock. Renaissance Technologies LLC raised its position in shares of MIND Technology, Inc. (NASDAQ:MINDFree Report) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 524,436 shares of the company’s stock after acquiring an additional 36,150 shares during the quarter. Renaissance Technologies LLC owned about 3.80% of MIND Technology worth $320,000 as of its most recent SEC filing. 11.79% of the stock is owned by hedge funds and other institutional investors.

MIND Technology Company Profile

(Get Free Report)

MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. It operates in two segments, Seamap Marine Products and Klein Marine Products. The company's 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; Sea Serpent line of passive sonar arrays for maritime security and anti-submarine warfare applications; SeaLink towed streamer systems; and SeaLink towed seismic streamer system.

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