Mondee Holdings, Inc. (NASDAQ:MOND) Short Interest Down 16.3% in November

Mondee Holdings, Inc. (NASDAQ:MOND) was the target of 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. Approximately 8.1% of the company’s shares are short sold. Based on an average daily trading volume, of 626,300 shares, the short-interest ratio is currently 3.4 days.

Hedge Funds Weigh In On Mondee

Several large investors have recently added to or reduced their stakes in MOND. Catalina Capital Group LLC acquired a new position in shares of Mondee during the 2nd quarter valued at about $30,000. Y Intercept Hong Kong Ltd grew its holdings in Mondee by 256.2% in the third quarter. Y Intercept Hong Kong Ltd now owns 56,010 shares of the company’s stock valued at $78,000 after purchasing an additional 40,284 shares during the period. Barclays PLC increased its position in Mondee by 237.2% during the third quarter. Barclays PLC now owns 58,667 shares of the company’s stock worth $82,000 after purchasing an additional 41,271 shares during the last quarter. Bank of New York Mellon Corp raised its stake 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 purchasing an additional 4,774 shares during the period. Finally, TCW Group Inc. boosted its holdings in shares of Mondee by 12.1% in the 3rd quarter. TCW Group Inc. now owns 930,674 shares of the company’s stock valued at $1,294,000 after purchasing an additional 100,620 shares during the last quarter. 32.14% of the stock is currently owned by hedge funds and other institutional investors.

Mondee Stock Performance

Shares of MOND opened at $0.05 on Friday. Mondee has a fifty-two week low of $0.02 and a fifty-two week high of $3.19. The stock has a fifty day moving average of $0.98 and a two-hundred day moving average of $1.71. The company has a market capitalization of $4.36 million, a PE ratio of -0.04 and a beta of -0.33.

Mondee Company Profile

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.