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

International Money Express, Inc. (NASDAQ:IMXI) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 1,139,411 shares, a growth of 38.1% from the February 12th total of 824,813 shares. Currently, 4.0% of the company’s shares are short sold. 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 shares are short sold.

Analyst Ratings Changes

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

Institutional Trading of International Money Express

Several hedge funds have recently modified their holdings of the stock. Alpine Associates Management Inc. purchased a new stake in International Money Express during the 3rd quarter worth about $5,848,000. Envestnet Asset Management Inc. raised its position in International Money Express by 89.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock valued at $406,000 after purchasing an additional 18,984 shares in the last quarter. Credit Industriel ET Commercial purchased a new position in shares of International Money Express in the 3rd quarter valued at about $1,006,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of International Money Express in the 3rd quarter valued at about $2,673,000. Finally, Olympiad Research LP acquired a new position in shares of International Money Express during the third quarter worth about $964,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Trading Up 0.1%

NASDAQ IMXI traded up $0.02 on Friday, reaching $15.80. The stock had a trading volume of 506,221 shares, compared to its average volume of 468,179. International Money Express has a 12-month low of $8.58 and a 12-month high of $15.81. The stock has a fifty day moving average price of $15.59 and a two-hundred day moving average price of $15.13. The firm has a market capitalization of $476.21 million, a price-to-earnings ratio of 11.05 and a beta of 0.86. 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 business had revenue of $147.41 million for the quarter, compared to analyst estimates of $162.95 million. International Money Express had a return on equity of 29.00% and a net margin of 5.38%. As a group, sell-side analysts forecast that International Money Express will post 1.97 EPS for the current fiscal 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.