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

MIND Technology, Inc. (NASDAQ:MINDGet Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,300 shares, a decrease of 25.8% from the March 15th total of 3,100 shares. Based on an average trading volume of 3,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MIND Technology stock. Renaissance Technologies LLC raised its position in MIND Technology, Inc. (NASDAQ:MINDFree Report) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 524,436 shares of the company’s stock after buying an additional 36,150 shares during the period. Renaissance Technologies LLC owned about 3.80% of MIND Technology worth $320,000 as of its most recent filing with the SEC. 9.83% of the stock is owned by hedge funds and other institutional investors.

MIND Technology Price Performance

MIND remained flat at $4.21 during mid-day trading on Friday. The company’s stock had a trading volume of 339 shares, compared to its average volume of 4,778. The company has a market cap of $5.94 million, a PE ratio of -1.33 and a beta of 1.34. The stock has a 50 day moving average price of $5.48 and a two-hundred day moving average price of $5.38. MIND Technology has a 52-week low of $4.00 and a 52-week high of $8.10.

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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