IBEX Limited (NASDAQ:IBEX) Short Interest Up 9.1% in June

IBEX Limited (NASDAQ:IBEX) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 161,700 shares, a growth of 9.1% from the May 31st total of 148,200 shares. Based on an average trading volume of 39,500 shares, the days-to-cover ratio is presently 4.1 days. Approximately 1.7% of the shares of the company are sold short.

Analyst Ratings Changes

Several brokerages have recently commented on IBEX. Robert W. Baird reduced their target price on IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. TheStreet downgraded IBEX from a “b-” rating to a “c+” rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.20.

Hedge Funds Weigh In On IBEX

A number of institutional investors have recently modified their holdings of IBEX. Trexquant Investment LP increased its holdings in IBEX by 13.0% in the 3rd quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock worth $280,000 after purchasing an additional 2,085 shares in the last quarter. Quadrature Capital Ltd acquired a new position in IBEX in the 1st quarter worth about $349,000. Horrell Capital Management Inc. acquired a new position in IBEX in the 4th quarter worth about $413,000. Jacobs Levy Equity Management Inc. increased its holdings in IBEX by 9.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock worth $577,000 after purchasing an additional 3,191 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of IBEX by 6.8% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 40,925 shares of the company’s stock valued at $632,000 after buying an additional 2,621 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Price Performance

Shares of NASDAQ IBEX opened at $15.96 on Tuesday. The stock has a market capitalization of $274.74 million, a PE ratio of 10.43 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.42 and a quick ratio of 2.42. The business has a fifty day moving average price of $15.10 and a two-hundred day moving average price of $15.85. IBEX has a fifty-two week low of $11.45 and a fifty-two week high of $21.59.

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

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.