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

MIND Technology, Inc. (NASDAQ:MIND – Get Rating) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 12,800 shares, a decline of 51.3% from the May 15th total of 26,300 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 100,200 shares, the short-interest ratio is currently 0.1 days.

MIND opened at $1.05 on Friday. The business has a 50 day simple moving average of $1.08 and a two-hundred day simple moving average of $1.28. The firm has a market capitalization of $14.46 million, a price-to-earnings ratio of -0.87 and a beta of 1.94. MIND Technology has a one year low of $0.80 and a one year high of $2.43.

MIND Technology (NASDAQ:MIND – Get Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported ($0.43) EPS for the quarter. The business had revenue of $3.76 million for the quarter. MIND Technology had a negative net margin of 48.29% and a negative return on equity of 717.17%.

An institutional investor recently raised its position in MIND Technology stock. Susquehanna International Group LLP increased its stake in MIND Technology, Inc. (NASDAQ:MIND – Get Rating) by 75.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,506 shares of the company’s stock after buying an additional 13,144 shares during the period. Susquehanna International Group LLP owned 0.22% of MIND Technology worth $51,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 22.23% of the company’s stock.

MIND Technology Company Profile (Get Rating)

MIND Technology, Inc, together with its subsidiaries, provides marine technology products. The company designs, manufactures, and sells specialized marine seismic equipment; and side scan sonar and water-side security systems. It operates in the United States, Europe, Eurasia, the Middle East, Asia/South Pacific, Canada, and Latin America.

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