IBEX Limited (NASDAQ:IBEX) Short Interest Update

IBEX Limited (NASDAQ:IBEX) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 188,400 shares, an increase of 9.7% from the July 31st total of 171,700 shares. Based on an average daily volume of 50,200 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.9% of the company’s shares are short sold.

IBEX Trading Up 0.2 %

Shares of NASDAQ:IBEX traded up $0.03 during trading on Tuesday, hitting $17.27. 61,670 shares of the company’s stock were exchanged, compared to its average volume of 55,025. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.01. The firm has a market cap of $297.22 million, a P/E ratio of 11.27 and a beta of 0.74. The firm has a 50-day moving average price of $16.48 and a two-hundred day moving average price of $15.46. IBEX has a 1-year low of $11.45 and a 1-year high of $19.44.

Hedge Funds Weigh In On IBEX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kennedy Capital Management LLC grew its holdings in IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares during the period. Circumference Group LLC bought a new stake in shares of IBEX in the fourth quarter worth about $7,842,000. Victory Capital Management Inc. raised its position in shares of IBEX by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock worth $732,000 after purchasing an additional 3,750 shares during the period. Trexquant Investment LP lifted its holdings in shares of IBEX by 96.8% during the 4th quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock valued at $677,000 after purchasing an additional 17,521 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of IBEX in the 1st quarter valued at approximately $349,000. 81.24% of the stock is owned by institutional investors.

IBEX Company Profile

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.