IBEX Limited (NASDAQ:IBEX) Short Interest Up 54.1% in February

IBEX Limited (NASDAQ:IBEX) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 160,642 shares, a growth of 54.1% from the January 29th total of 104,263 shares. Based on an average trading volume of 236,144 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 236,144 shares, the short-interest ratio is presently 0.7 days.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings cut IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Royal Bank Of Canada upped their price target on shares of IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, Wall Street Zen upgraded IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, IBEX presently has an average rating of “Hold” and a consensus target price of $35.00.

IBEX Stock Up 0.4%

Shares of IBEX stock traded up $0.13 during trading hours on Monday, reaching $29.03. The company’s stock had a trading volume of 108,079 shares, compared to its average volume of 144,104. The company has a market capitalization of $389.29 million, a price-to-earnings ratio of 9.55 and a beta of 0.66. IBEX has a fifty-two week low of $21.64 and a fifty-two week high of $42.99. The firm’s 50 day simple moving average is $35.26 and its 200-day simple moving average is $35.51.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.09. The company had revenue of $164.22 million for the quarter, compared to analyst estimates of $155.48 million. IBEX had a net margin of 7.35% and a return on equity of 31.70%.

Insider Buying and Selling

In other news, insider Michael Joseph Darwal sold 1,660 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $34.98, for a total transaction of $58,066.80. Following the completion of the transaction, the insider directly owned 42,185 shares of the company’s stock, valued at $1,475,631.30. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Thomas Dechant sold 6,000 shares of IBEX stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $28.46, for a total value of $170,760.00. Following the completion of the sale, the chief executive officer directly owned 275,406 shares in the company, valued at approximately $7,838,054.76. This represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,287 shares of company stock worth $498,499 over the last ninety days. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On IBEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBEX. Marshall Wace LLP acquired a new position in shares of IBEX during the third quarter worth $7,685,000. AQR Capital Management LLC increased its position in shares of IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after buying an additional 105,997 shares during the period. JPMorgan Chase & Co. raised its position 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 acquiring an additional 95,595 shares in the last quarter. Invesco Ltd. lifted its stake in shares of IBEX by 200.2% in the 3rd quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock valued at $3,627,000 after purchasing an additional 59,694 shares during the period. Finally, Squarepoint Ops LLC boosted its position in shares of IBEX by 694.7% during the 3rd quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock valued at $2,698,000 after purchasing an additional 58,196 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Company Profile

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.