Short Interest in IBEX Limited (NASDAQ:IBEX) Drops By 30.7%

IBEX Limited (NASDAQ:IBEX) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 100,676 shares, a decline of 30.7% from the December 15th total of 145,373 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 89,511 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 89,511 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are short sold.

IBEX Price Performance

Shares of NASDAQ IBEX traded up $0.10 during trading on Friday, reaching $38.06. The company had a trading volume of 111,682 shares, compared to its average volume of 77,704. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. IBEX has a twelve month low of $21.20 and a twelve month high of $42.99. The stock has a 50-day moving average price of $36.93 and a two-hundred day moving average price of $34.68. The stock has a market capitalization of $512.67 million, a PE ratio of 13.69 and a beta of 0.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC grew its holdings in shares of IBEX by 8.0% during the second quarter. Acadian Asset Management LLC now owns 444,377 shares of the company’s stock worth $12,924,000 after buying an additional 32,911 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of IBEX by 0.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 389,234 shares of the company’s stock valued at $11,327,000 after buying an additional 1,844 shares during the period. JPMorgan Chase & Co. boosted its position in IBEX by 37.9% during the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock worth $14,084,000 after acquiring an additional 95,595 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in IBEX by 18.6% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 260,500 shares of the company’s stock worth $7,581,000 after acquiring an additional 40,800 shares during the period. Finally, Boston Partners grew its stake in IBEX by 8.6% in the 3rd quarter. Boston Partners now owns 244,732 shares of the company’s stock worth $9,917,000 after acquiring an additional 19,395 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of IBEX in a report on Monday, December 29th. Royal Bank Of Canada boosted their price objective on shares of IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, IBEX 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.