MIND Technology, Inc. (NASDAQ:MIND) Short Interest Up 73.9% in February

MIND Technology, Inc. (NASDAQ:MIND) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 209,600 shares, an increase of 73.9% from the January 31st total of 120,500 shares. Based on an average daily volume of 407,800 shares, the short-interest ratio is presently 0.5 days. Currently, 2.7% of the shares of the company are short sold.

MIND Technology Stock Down 3.4 %

Shares of MIND Technology stock traded down $0.28 during trading on Friday, reaching $8.06. The company’s stock had a trading volume of 389,110 shares, compared to its average volume of 368,735. The business’s 50-day moving average price is $8.48 and its 200-day moving average price is $5.59. MIND Technology has a 52 week low of $3.05 and a 52 week high of $11.10. The firm has a market cap of $11.33 million, a PE ratio of 2.59 and a beta of 0.91.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded MIND Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th.

Institutional Investors Weigh In On MIND Technology

Several institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in MIND Technology in the 4th quarter valued at about $32,000. Virtu Financial LLC bought a new stake in shares of MIND Technology during the 3rd quarter worth approximately $43,000. XTX Topco Ltd acquired a new stake in shares of MIND Technology during the 4th quarter worth approximately $114,000. Brighton Jones LLC bought a new position in MIND Technology in the fourth quarter valued at approximately $138,000. Finally, Squarepoint Ops LLC acquired a new position in MIND Technology during the fourth quarter valued at approximately $146,000. 9.83% of the stock is currently owned by institutional investors.

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.