Short Interest in IBEX Limited (NASDAQ:IBEX) Decreases By 30.7%
by Scott Moore · The Cerbat GemIBEX Limited (NASDAQ:IBEX – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 100,676 shares, a decline of 30.7% from the December 15th total of 145,373 shares. Based on an average daily volume of 89,511 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.8% of the shares of the company are sold short. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 89,511 shares, the days-to-cover ratio is currently 1.1 days.
IBEX Stock Performance
Shares of NASDAQ:IBEX traded up $0.10 during trading on Monday, hitting $38.06. 111,682 shares of the stock were exchanged, compared to its average volume of 77,704. IBEX has a 1-year low of $21.20 and a 1-year high of $42.99. The company has a market capitalization of $512.67 million, a price-to-earnings ratio of 13.69 and a beta of 0.65. The company’s fifty day simple moving average is $36.93 and its 200-day simple moving average is $34.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82.
Hedge Funds Weigh In On IBEX
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its stake in IBEX by 9.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 23,945 shares of the company’s stock valued at $870,000 after acquiring an additional 2,103 shares during the period. Baron Wealth Management LLC grew its stake in shares of IBEX by 6.1% in the 4th quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock valued at $208,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC raised its holdings in shares of IBEX by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after buying an additional 401 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of IBEX by 37.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after buying an additional 95,595 shares in the last quarter. Finally, Cambria Investment Management L.P. bought a new position in shares of IBEX during the 3rd quarter worth approximately $207,000. 81.24% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on IBEX shares. Royal Bank Of Canada boosted their price objective on shares of IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of IBEX in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, IBEX has a consensus rating of “Hold” and an average price target of $35.00.
Read Our Latest Stock Analysis on IBEX
About IBEX
IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.
Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.