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International Money Express Inc. (NASDAQ: IMXI) recorded a significant drop in short-term interest in April. As of April 30, short-term interest amounted to 571,996 shares, a decrease of 33.3% from the 857,963 shares of April 15. Approximately 4.8% of the Company's shares are sold short. Based on an average daily volume of 178,627 shares, the short-term interest ratio is currently 3.2 days.
A number of major investors have recently changed their positions in IMXI. Nantahala Capital Management LLC increased its interest in International Money Express by 22.1% in the fourth quarter. Nantahala Capital Management LLC now holds 2,173,556 shares valued at $ 25,996,000 after acquiring 392,858 additional shares during the last quarter. BlueCrest Capital Management Ltd increased its stake in International Money Express by 102.6% in the first quarter. BlueCrest Capital Management Ltd now holds 510,489 shares of the company, valued at $ 5,952,000, after purchasing 258,512 additional shares in the last quarter. HCSF Management LLC increased its interest in International Money Express by 9.6% in the first quarter. HCSF Management LLC now holds 1,222,155 shares of the Company worth US $ 14,250,000 following the acquisition of an additional 106,939 shares during the last quarter. Southside Capital LLC purchased a new position in International Money Express in the fourth quarter, valued at approximately $ 1,083,000. Finally, Vanguard Group Inc has acquired a new position in International Money Express in the third quarter valued at approximately $ 923,000. Institutional investors and hedge funds own 29.80% of the company's shares.
NASDAQ shares: IMXI opened at $ 13.62 on Friday. The company has a market capitalization of $ 517.22 million and a price-earnings ratio of -272.40. The company has a debt ratio of 2.05, a fast ratio of 1.47 and a current ratio of 1.47. International Money Express has a 52-week minimum of $ 9.06 and a 13-week high of $ 13.81.
International Money Express (NASDAQ: IMXI) announced its quarterly results on Tuesday, March 12. The company reported earnings per share (EPS) of $ 0.13 for the quarter, exceeding the consensus estimate of $ 0.16 ($ 0.03). Activity generated revenues of $ 75.06 million during the quarter, compared with badysts' estimates of $ 71.15 million. Equity research badysts predict that International Money Express will post earnings per share of 0.6 for the current year.
IMXI has been the subject of several research badyst reports. In a research report released Thursday, ValuEngine improved the International Money Express, from a "hold" note to a "buy" note. Zacks Investment Research has improved the International Money Express, from a "hold" note to a "buy" note, and has set a target price of $ 13.00 on the stock in a research report on Friday, March 15th. In a research report, Cantor Fitzgerald reformulated his "purchase" note and set an indicative price of $ 14.00 on International Money Express shares on Wednesday, March 13. Craig Hallum initiated coverage on International Money Express in a research report on Monday, February 4th. They set a "buy" rating on the stock. Finally, Northland Securities restated its "purchase" note and set a target price of $ 15.00 on International Money Express shares in a research report on Wednesday, May 15th. One research badyst badigned a conservation rating to the stock and seven attributed a purchase note to the company. International Money Express currently has an average rating of "Buy" and a consensus price target of $ 14.50.
NOTICE OF COPYRIGHT VIOLATION: "The reduced interest for International Money Express Inc (IMXI) decreases by 33.3%" was published by Rockland Register and belongs to Rockland Register. If you read this article on another website, it has been copied and republished illegally in violation of international trademark and copyright laws. The original version of this article can be found at https://rocklandregister.com/2019/05/26/short-interest-in-international-money-express-inc-imxi-declines-by-33 -3.html.
About International Money Express
International Money Express, Inc., through its subsidiary, operates as a money transfer services company in the United States, Latin America, Mexico, Central and South America and in the United States. Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.
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