MIND Technology, Inc. (NASDAQ:MIND – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totalling 42,800 shares, a drop of 44.0% from the August 31st total of 76,400 shares. Based on an average daily trading volume, of 97,900 shares, the short-interest ratio is presently 0.4 days. Currently, 3.5% of the company’s stock are sold short.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of MIND Technology from a “sell” rating to a “hold” rating in a research report on Thursday, September 19th.
Check Out Our Latest Research Report on MIND
MIND Technology Stock Down 1.0 %
MIND Technology (NASDAQ:MIND – Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.13). MIND Technology had a negative return on equity of 10.38% and a net margin of 9.88%. The business had revenue of $10.04 million for the quarter.
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.
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