Mynd.ai, Inc. (OTCMKTS:MYND) Holdings Cut by NEA Management Company LLC

NEA Management Company LLC trimmed its position in Mynd.ai, Inc. (OTCMKTS:MYND - Free Report) by 94.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,208 shares of the company's stock after selling 3,436,503 shares during the period. NEA Management Company LLC owned about 0.45% of Mynd.ai worth $165,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC raised its holdings in shares of Mynd.ai by 42.3% in the second quarter. Renaissance Technologies LLC now owns 23,544 shares of the company's stock valued at $65,000 after buying an additional 7,000 shares during the last quarter. 64.60% of the stock is owned by institutional investors.

Mynd.ai Price Performance

OTCMKTS MYND traded up C$0.61 during mid-day trading on Friday, reaching C$2.92. 348,100 shares of the stock were exchanged, compared to its average volume of 67,366. The company has a quick ratio of 1.00, a current ratio of 1.22 and a debt-to-equity ratio of 0.73. Mynd.ai, Inc. has a 1-year low of C$0.61 and a 1-year high of C$14.20. The business's fifty day simple moving average is C$1.39 and its 200 day simple moving average is C$2.01.

Mynd.ai announced that its Board of Directors has initiated a stock repurchase program on Monday, October 21st that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the company to purchase up to 13.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Mynd.ai Profile

Mynd.ai, Inc operates in interactive technology offering hardware and software solutions. The company's solutions help organizations create and deliver dynamic content; simplify and streamline teaching, learning, and communication; and facilitate real-time collaboration. Its interactive displays and software are available in approximately 1 million learning and training spaces across 126 countries.