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

IBEX Limited (NASDAQ:IBEX) was the recipient of a large increase in short interest during the month of 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. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 107,546 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 107,546 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the company’s shares are sold short.

Analyst Ratings Changes

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

IBEX Stock Performance

IBEX stock traded up $0.23 during trading hours on Monday, hitting $28.85. The company had a trading volume of 106,111 shares, compared to its average volume of 119,630. The firm has a market cap of $386.88 million, a P/E ratio of 9.49 and a beta of 0.66. IBEX has a 1 year low of $21.64 and a 1 year high of $42.99. The company has a 50-day moving average price of $33.30 and a two-hundred day moving average price of $35.51.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 5th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.09. The business 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 Activity at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 6,000 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $28.46, for a total transaction of $170,760.00. Following the transaction, the chief executive officer owned 275,406 shares in the company, valued at $7,838,054.76. The trade was a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 transaction of $91,892.46. Following the completion of the sale, the insider directly owned 27,469 shares in the company, valued at approximately $960,865.62. This represents a 8.73% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 16,287 shares of company stock worth $498,499. Company insiders own 3.40% of the company’s stock.

Institutional Investors Weigh In On IBEX

Hedge funds have recently made changes to their positions in the company. Brendel Financial Advisors LLC increased its stake in shares of IBEX by 3.3% during the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock valued at $367,000 after buying an additional 307 shares during the period. Baron Wealth Management LLC lifted its stake in IBEX by 6.1% in the fourth quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after acquiring an additional 312 shares during the period. SG Americas Securities LLC grew its holdings in IBEX by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after acquiring an additional 401 shares in the last quarter. Ieq Capital LLC grew its holdings in IBEX by 3.8% during the 4th quarter. Ieq Capital LLC now owns 11,772 shares of the company’s stock worth $449,000 after acquiring an additional 429 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in IBEX by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock valued at $159,000 after purchasing an additional 434 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

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.