Zix Co. (NASDAQ:ZIXI) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 3,480,000 shares, a growth of 16.4% from the September 30th total of 2,990,000 shares. Based on an average daily volume of 632,600 shares, the days-to-cover ratio is presently 5.5 days. Currently, 6.5% of the company’s shares are short sold.

Several analysts have recently commented on ZIXI shares. BidaskClub raised shares of ZIX from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet downgraded shares of ZIX from a “b-” rating to a “c+” rating in a research report on Wednesday, August 14th. Wedbush started coverage on shares of ZIX in a research report on Thursday, November 7th. They set an “outperform” rating and a $10.00 price objective for the company. Cowen set a $9.00 price objective on shares of ZIX and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research downgraded shares of ZIX from a “hold” rating to a “sell” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.15.

Shares of ZIXI stock opened at $7.14 on Friday. The company has a market cap of $395.77 million, a price-to-earnings ratio of 22.31 and a beta of 0.89. ZIX has a 52 week low of $5.25 and a 52 week high of $11.15. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 4.17. The firm has a 50 day moving average of $6.84 and a 200-day moving average of $8.29.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The company had revenue of $47.80 million during the quarter, compared to the consensus estimate of $47.17 million. ZIX had a negative net margin of 1.64% and a positive return on equity of 41.08%. The company’s quarterly revenue was up 167.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. Analysts anticipate that ZIX will post 0.34 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in shares of ZIX in the 3rd quarter worth $32,000. NEXT Financial Group Inc bought a new position in shares of ZIX in the 2nd quarter worth $42,000. Manchester Capital Management LLC bought a new position in shares of ZIX in the 2nd quarter worth $44,000. Hillsdale Investment Management Inc. lifted its holdings in shares of ZIX by 5.9% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 90,300 shares of the software maker’s stock worth $821,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of ZIX by 0.8% in the 2nd quarter. Northern Trust Corp now owns 651,643 shares of the software maker’s stock worth $5,923,000 after purchasing an additional 5,339 shares in the last quarter. Institutional investors own 75.04% of the company’s stock.

ZIX Company Profile

Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.

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