Short Interest in Mondee Holdings, Inc. (NASDAQ:MOND) Declines By 16.3%

Mondee Holdings, Inc. (NASDAQ:MOND) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 2,160,000 shares, a decline of 16.3% from the November 15th total of 2,580,000 shares. Based on an average daily trading volume, of 626,300 shares, the days-to-cover ratio is presently 3.4 days. Approximately 8.1% of the shares of the company are sold short.

Mondee Trading Up 2.7 %

Shares of NASDAQ MOND opened at $0.05 on Monday. The business has a fifty day simple moving average of $0.98 and a 200 day simple moving average of $1.70. Mondee has a one year low of $0.02 and a one year high of $3.19. The firm has a market capitalization of $4.36 million, a price-to-earnings ratio of -0.04 and a beta of -0.33.

Hedge Funds Weigh In On Mondee

Several hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Mondee by 237.2% in the third quarter. Barclays PLC now owns 58,667 shares of the company’s stock valued at $82,000 after acquiring an additional 41,271 shares during the last quarter. TCW Group Inc. boosted its holdings in Mondee by 12.1% during the third quarter. TCW Group Inc. now owns 930,674 shares of the company’s stock worth $1,294,000 after buying an additional 100,620 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Mondee by 256.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 56,010 shares of the company’s stock worth $78,000 after buying an additional 40,284 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mondee by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 123,928 shares of the company’s stock worth $297,000 after buying an additional 4,774 shares during the last quarter. Finally, Catalina Capital Group LLC bought a new position in Mondee during the second quarter worth about $30,000. Institutional investors own 32.14% of the company’s stock.

About Mondee

Mondee Holdings, Inc operates as a travel technology company in the leisure and corporate travel markets in the United States and internationally. The company operates through two segments, Travel Marketplace and SaaS Platform. The Travel Marketplace segment primarily engages in sale of airline tickets through its platform.