IBEX Limited (NASDAQ:IBEX) Sees Significant Increase in Short Interest

IBEX Limited (NASDAQ:IBEX) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 160,642 shares, a growth of 54.1% from the January 29th total of 104,263 shares. Based on an average trading volume of 236,144 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the company’s shares are short sold. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 236,144 shares, the short-interest ratio is presently 0.7 days.

IBEX Price Performance

IBEX stock opened at $29.03 on Tuesday. IBEX has a 1-year low of $21.64 and a 1-year high of $42.99. The business has a 50-day moving average price of $35.07 and a 200 day moving average price of $35.51. The company has a market capitalization of $389.18 million, a P/E ratio of 9.55 and a beta of 0.64.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 5th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.09. IBEX had a return on equity of 31.70% and a net margin of 7.35%.The business had revenue of $164.22 million for the quarter, compared to analysts’ expectations of $155.48 million.

Insider Activity

In other news, insider Michael Joseph Darwal sold 1,660 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $34.98, for a total transaction of $58,066.80. Following the transaction, the insider owned 42,185 shares of the company’s stock, valued at approximately $1,475,631.30. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Thomas Dechant sold 6,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $28.46, for a total value of $170,760.00. Following the completion of the sale, the chief executive officer owned 275,406 shares in the company, valued at approximately $7,838,054.76. The trade was a 2.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,287 shares of company stock valued at $498,499. 3.40% of the stock is currently owned by company insiders.

Institutional Trading of IBEX

A number of institutional investors have recently modified their holdings of IBEX. Advisory Services Network LLC purchased a new stake in IBEX during the third quarter valued at approximately $46,000. Penserra Capital Management LLC purchased a new position in IBEX in the third quarter worth $52,000. Empowered Funds LLC acquired a new position in shares of IBEX during the fourth quarter worth $84,000. Clearstead Advisors LLC lifted its holdings in shares of IBEX by 159.1% during the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after purchasing an additional 1,618 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of IBEX by 418.7% during the 4th quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock valued at $103,000 after purchasing an additional 2,194 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IBEX has been the topic of several research analyst reports. Weiss Ratings downgraded IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 5th. Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 21st. Finally, Royal Bank Of Canada lifted their price objective on shares of IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, IBEX has a consensus rating of “Hold” and a consensus price target of $35.00.

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.