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

International Money Express, Inc. (NASDAQ:IMXI - Get Free Report) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 977,800 shares, a decrease of 6.9% from the November 15th total of 1,050,000 shares. Based on an average daily volume of 258,300 shares, the short-interest ratio is currently 3.8 days. Approximately 3.4% of the shares of the stock are short sold.

International Money Express Trading Up 0.3 %

NASDAQ:IMXI traded up $0.07 during midday trading on Monday, hitting $21.37. The stock had a trading volume of 125,781 shares, compared to its average volume of 253,847. International Money Express has a one year low of $16.17 and a one year high of $23.28. The company has a market capitalization of $664.59 million, a price-to-earnings ratio of 11.94 and a beta of 0.88. The stock has a 50-day moving average of $19.57 and a 200 day moving average of $19.48. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

Institutional Trading of International Money Express

Several hedge funds and other institutional investors have recently made changes to their positions in IMXI. New South Capital Management Inc. purchased a new position in International Money Express in the 3rd quarter valued at about $17,055,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of International Money Express during the 3rd quarter valued at approximately $4,854,000. Forager Capital Management LLC increased its holdings in International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock valued at $22,580,000 after purchasing an additional 260,000 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of International Money Express in the third quarter worth $4,598,000. Finally, First Eagle Investment Management LLC grew its stake in shares of International Money Express by 46.9% in the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company's stock worth $9,946,000 after acquiring an additional 152,464 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

IMXI has been the topic of several recent research reports. Northland Securities increased their price objective on International Money Express from $23.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Needham & Company LLC increased their price objective on International Money Express from $22.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. BMO Capital Markets increased their price objective on International Money Express from $27.00 to $30.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. Oppenheimer initiated coverage on International Money Express in a report on Tuesday, October 1st. They issued a "market perform" rating for the company. Finally, Monness Crespi & Hardt dropped their price objective on International Money Express from $30.00 to $28.00 and set a "buy" rating for the company in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $27.00.

International Money Express Company Profile

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.

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