IBEX Limited (NASDAQ:IBEX) Short Interest Down 11.5% in May

IBEX Limited (NASDAQ:IBEX) was the recipient of a large drop in short interest in the month of May. As of May 31st, there was short interest totalling 148,200 shares, a drop of 11.5% from the May 15th total of 167,400 shares. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is currently 3.2 days. Currently, 1.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBEX. Barclays PLC raised its stake in shares of IBEX by 15.9% during the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock worth $154,000 after purchasing an additional 1,363 shares in the last quarter. Trexquant Investment LP raised its position in IBEX by 13.0% during the third quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after acquiring an additional 2,085 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in IBEX in the first quarter valued at $349,000. Horrell Capital Management Inc. bought a new position in shares of IBEX in the 4th quarter valued at about $413,000. Finally, Victory Capital Management Inc. grew its position in shares of IBEX by 30.7% in the 3rd quarter. Victory Capital Management Inc. now owns 34,750 shares of the company’s stock valued at $537,000 after acquiring an additional 8,159 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBEX. TheStreet cut shares of IBEX from a “b-” rating to a “c+” rating in a report on Wednesday, March 6th. Robert W. Baird lowered their target price on IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, IBEX has an average rating of “Hold” and an average target price of $19.20.

IBEX Stock Down 1.9 %

Shares of IBEX stock traded down $0.31 during trading on Tuesday, reaching $15.79. The company’s stock had a trading volume of 78,029 shares, compared to its average volume of 55,058. IBEX has a one year low of $11.45 and a one year high of $21.95. The business has a fifty day moving average price of $14.63 and a 200-day moving average price of $16.01. The company has a market cap of $271.81 million, a price-to-earnings ratio of 10.52 and a beta of 0.73. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.58 by $0.09. The firm had revenue of $126.80 million for the quarter. IBEX had a net margin of 5.57% and a return on equity of 20.23%. During the same period last year, the firm earned $0.52 earnings per share.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.