IBEX Limited (NASDAQ:IBEX) Short Interest Up 65.6% in October

IBEX Limited (NASDAQ:IBEX - Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 186,000 shares, a growth of 65.6% from the September 30th total of 112,300 shares. Currently, 2.0% of the company's shares are short sold. Based on an average trading volume of 86,000 shares, the short-interest ratio is presently 2.2 days.

IBEX Stock Down 0.5 %

Shares of NASDAQ IBEX traded down $0.09 during mid-day trading on Friday, hitting $18.02. The company had a trading volume of 33,786 shares, compared to its average volume of 92,097. The company has a market capitalization of $302.74 million, a PE ratio of 9.74 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 2.53. IBEX has a 1-year low of $13.00 and a 1-year high of $20.56. The business's 50-day simple moving average is $18.41 and its 200 day simple moving average is $16.48.

IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. IBEX had a return on equity of 22.04% and a net margin of 6.62%. The company had revenue of $124.53 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on IBEX shares. Royal Bank of Canada raised their price target on IBEX from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research report on Friday, September 13th. Robert W. Baird increased their price objective on IBEX from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.50.

Insider Buying and Selling

In related news, Director Shuja Keen sold 6,086 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $20.46, for a total value of $124,519.56. Following the completion of the transaction, the director now directly owns 140,024 shares in the company, valued at approximately $2,864,891.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Shuja Keen sold 6,086 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $20.46, for a total transaction of $124,519.56. Following the completion of the transaction, the director now directly owns 140,024 shares in the company, valued at $2,864,891.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Group International L. Resource sold 59,269 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $20.05, for a total value of $1,188,343.45. Following the transaction, the director now owns 5,375,114 shares of the company's stock, valued at approximately $107,771,035.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,760 shares of company stock worth $3,681,160. Company insiders own 20.80% of the company's stock.

Institutional Trading of IBEX

A number of hedge funds and other institutional investors have recently bought and sold shares of IBEX. Quadrature Capital Ltd acquired a new stake in IBEX in the first quarter valued at $349,000. Kennedy Capital Management LLC increased its position in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company's stock worth $4,362,000 after purchasing an additional 218,679 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of IBEX by 9.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company's stock worth $577,000 after purchasing an additional 3,191 shares in the last quarter. Private Capital Management LLC increased its position in shares of IBEX by 14.6% during the first quarter. Private Capital Management LLC now owns 55,465 shares of the company's stock worth $856,000 after purchasing an additional 7,069 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of IBEX by 15.7% during the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company's stock worth $447,000 after purchasing an additional 3,759 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.