International Money Express, Inc. (NASDAQ:IMXI) Short Interest Update

International Money Express, Inc. (NASDAQ:IMXI) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 1,139,411 shares, an increase of 38.1% from the February 12th total of 824,813 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 427,786 shares, the short-interest ratio is presently 2.7 days. Based on an average trading volume of 427,786 shares, the short-interest ratio is presently 2.7 days. Currently, 4.0% of the company’s stock are sold short.

Hedge Funds Weigh In On International Money Express

A number of hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in International Money Express by 6,041.0% during the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock worth $28,791,000 after buying an additional 2,027,344 shares in the last quarter. Forager Capital Management LLC increased its stake in shares of International Money Express by 30.5% in the 2nd quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock valued at $19,637,000 after buying an additional 455,000 shares during the period. Magnetar Financial LLC raised its position in shares of International Money Express by 2.4% during the fourth quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock worth $29,439,000 after acquiring an additional 44,596 shares during the last quarter. Man Group plc lifted its stake in shares of International Money Express by 103.4% during the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after acquiring an additional 586,044 shares during the period. Finally, Fort Baker Capital Management LP acquired a new position in shares of International Money Express during the fourth quarter valued at $14,616,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $14.33.

International Money Express Stock Performance

Shares of NASDAQ IMXI opened at $15.80 on Monday. The stock has a market capitalization of $476.21 million, a P/E ratio of 14.63 and a beta of 0.86. The firm’s 50-day moving average price is $15.59 and its two-hundred day moving average price is $15.13. International Money Express has a 52-week low of $8.58 and a 52-week high of $15.81. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.31.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Friday, March 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.12). The firm had revenue of $147.41 million for the quarter, compared to analyst estimates of $162.95 million. International Money Express had a net margin of 5.38% and a return on equity of 29.00%. As a group, sell-side analysts forecast that International Money Express will post 1.97 earnings per share for the current year.

About International Money Express

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.