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MIND Technology, Inc. (NASDAQ:MIND) Short Interest Down 62.1% in September

Financial News Live ·  Sep 28, 2022 23:23

MIND Technology, Inc. (NASDAQ:MIND – Get Rating) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 7,400 shares, a decline of 62.1% from the August 31st total of 19,500 shares. Based on an average trading volume of 77,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

MIND Technology Stock Up 7.5 %

NASDAQ:MIND traded up $0.05 on Wednesday, hitting $0.65. The stock had a trading volume of 92,561 shares, compared to its average volume of 92,485. The stock has a market cap of $8.90 million, a price-to-earnings ratio of -0.55 and a beta of 1.68. The company has a fifty day moving average price of $0.77 and a two-hundred day moving average price of $0.94. MIND Technology has a 1-year low of $0.58 and a 1-year high of $1.90.

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MIND Technology (NASDAQ:MIND – Get Rating) last issued its quarterly earnings data on Monday, September 12th. The company reported ($0.20) EPS for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $8.71 million during the quarter.

Insider Buying and Selling

In other MIND Technology news, Director Peter H. Blum purchased 8,000 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were purchased at an average cost of $7.12 per share, for a total transaction of $56,960.00. Following the completion of the transaction, the director now owns 21,696 shares of the company's stock, valued at approximately $154,475.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Peter H. Blum bought 10,000 shares of the firm's stock in a transaction on Friday, July 15th. The shares were bought at an average cost of $7.27 per share, for a total transaction of $72,700.00. Following the acquisition, the director now directly owns 13,696 shares of the company's stock, valued at approximately $99,569.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter H. Blum bought 8,000 shares of the firm's stock in a transaction on Monday, July 18th. The stock was purchased at an average price of $7.12 per share, for a total transaction of $56,960.00. Following the completion of the acquisition, the director now directly owns 21,696 shares in the company, valued at $154,475.52. The disclosure for this purchase can be found here. 9.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On MIND Technology

A hedge fund recently raised its stake in MIND Technology stock. White Pine Capital LLC lifted its stake in MIND Technology, Inc. (NASDAQ:MIND – Get Rating) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 415,070 shares of the company's stock after acquiring an additional 47,334 shares during the quarter. White Pine Capital LLC owned 3.01% of MIND Technology worth $369,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 18.86% of the company's stock.

About MIND Technology

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MIND Technology, Inc, together with its subsidiaries, provides technology to the oceanographic, hydrographic, defense, seismic, and maritime security industries. 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; Digishot energy source controllers; Sleeve Gun energy sources; and SeaLink product line of marine sensors and solid streamer systems.

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