IBEX Limited (NASDAQ:IBEX) Short Interest Up 18.3% in February

IBEX Limited (NASDAQ:IBEX) was the recipient of a significant increase in short interest in February. As of February 27th, there was short interest totaling 190,084 shares, an increase of 18.3% from the February 12th total of 160,642 shares. Based on an average daily volume of 107,546 shares, the short-interest ratio is currently 1.8 days. Approximately 1.5% of the company’s stock are short sold. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 107,546 shares, the short-interest ratio is currently 1.8 days.

Insider Activity at IBEX

In other IBEX news, insider Michael Joseph Darwal sold 1,660 shares of the company’s stock in a transaction on 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 sale, the insider owned 42,185 shares in the company, 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 the SEC website. Also, insider Paul Joseph Inson sold 2,627 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $91,892.46. Following the sale, the insider directly owned 27,469 shares in the company, valued at $960,865.62. This trade represents a 8.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,287 shares of company stock valued at $498,499 over the last ninety days. 3.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On IBEX

Institutional investors have recently bought and sold shares of the business. Amundi acquired a new stake in IBEX during the 1st quarter valued at approximately $74,000. AQR Capital Management LLC raised its holdings 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 purchasing an additional 105,997 shares during the last quarter. Jane Street Group LLC acquired a new position in IBEX during the first quarter valued at $756,000. Geode Capital Management LLC lifted its position in IBEX by 12.3% during the second quarter. Geode Capital Management LLC now owns 127,735 shares of the company’s stock valued at $3,717,000 after purchasing an additional 13,941 shares during the period. Finally, LSV Asset Management boosted its holdings in IBEX by 52.7% in the second quarter. LSV Asset Management now owns 22,900 shares of the company’s stock valued at $666,000 after purchasing an additional 7,900 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Up 0.8%

Shares of IBEX traded up $0.23 during trading hours on Monday, reaching $28.85. 106,111 shares of the company traded hands, compared to its average volume of 119,630. The business has a fifty day moving average price of $33.30 and a 200-day moving average price of $35.51. IBEX has a 12-month low of $21.64 and a 12-month high of $42.99. The stock has a market capitalization of $386.88 million, a P/E ratio of 9.49 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on IBEX shares. Wall Street Zen raised shares of IBEX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Weiss Ratings cut shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, IBEX currently has an average rating of “Hold” and a consensus price target of $35.00.

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.