International Money Express, Inc. (NASDAQ:IMXI) Short Interest Up 38.1% in February

International Money Express, Inc. (NASDAQ:IMXI) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 1,139,411 shares, a growth of 38.1% from the February 12th total of 824,813 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 427,786 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 427,786 shares, the days-to-cover ratio is currently 2.7 days. Approximately 4.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, International Money Express has a consensus rating of “Hold” and a consensus price target of $14.33.

International Money Express Trading Up 0.1%

Shares of IMXI stock traded up $0.02 during trading hours on Friday, reaching $15.80. The company had a trading volume of 506,221 shares, compared to its average volume of 469,946. International Money Express has a 1-year low of $8.58 and a 1-year high of $15.81. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.03. The firm has a market cap of $476.21 million, a price-to-earnings ratio of 14.63 and a beta of 0.86. The company has a 50 day moving average of $15.59 and a 200 day moving average of $15.12.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Friday, March 6th. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.12). The company had revenue of $147.41 million for the quarter, compared to analyst estimates of $162.95 million. International Money Express had a return on equity of 29.00% and a net margin of 5.38%. On average, equities research analysts anticipate that International Money Express will post 1.97 EPS for the current year.

Hedge Funds Weigh In On International Money Express

Institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in shares of International Money Express by 6,041.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after acquiring an additional 2,027,344 shares during the last quarter. Forager Capital Management LLC boosted its stake in International Money Express by 30.5% during the 2nd quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock worth $19,637,000 after acquiring an additional 455,000 shares during the last quarter. Magnetar Financial LLC grew its holdings in International Money Express by 2.4% during the fourth quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock valued at $29,439,000 after purchasing an additional 44,596 shares during the period. Man Group plc grew its holdings in International Money Express by 103.4% during the fourth quarter. Man Group plc now owns 1,153,023 shares of the company’s stock valued at $17,710,000 after purchasing an additional 586,044 shares during the period. Finally, Fort Baker Capital Management LP bought a new stake in International Money Express in the fourth quarter valued at approximately $14,616,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Company Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.