Short Interest in International Money Express, Inc. (NASDAQ:IMXI) Increases By 7.9%

International Money Express, Inc. (NASDAQ:IMXI) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totalling 637,400 shares, a growth of 7.9% from the May 31st total of 590,900 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 206,400 shares, the short-interest ratio is presently 3.1 days.

Hedge Funds Weigh In On International Money Express

A number of institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC acquired a new stake in shares of International Money Express during the 4th quarter worth about $38,000. New York State Teachers Retirement System bought a new position in International Money Express in the 4th quarter valued at about $65,000. DekaBank Deutsche Girozentrale acquired a new stake in International Money Express during the fourth quarter worth approximately $95,000. Lazard Asset Management LLC boosted its holdings in shares of International Money Express by 41.5% during the first quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock worth $143,000 after acquiring an additional 1,853 shares during the period. Finally, SG Americas Securities LLC grew its position in shares of International Money Express by 8.1% in the fourth quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock valued at $184,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Up 0.5 %

NASDAQ IMXI traded up $0.11 on Tuesday, reaching $20.38. The company had a trading volume of 85,967 shares, compared to its average volume of 227,391. The company’s fifty day moving average is $20.74 and its 200-day moving average is $21.10. The firm has a market capitalization of $665.20 million, a price-to-earnings ratio of 12.31 and a beta of 0.84. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.68 and a current ratio of 1.68. International Money Express has a 1-year low of $15.76 and a 1-year high of $26.25.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Wednesday, May 8th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.35 by $0.03. The business had revenue of $150.41 million during the quarter, compared to analysts’ expectations of $150.60 million. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. On average, research analysts forecast that International Money Express will post 2.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IMXI has been the topic of a number of recent analyst reports. BTIG Research started coverage on International Money Express in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 target price on the stock. Monness Crespi & Hardt initiated coverage on shares of International Money Express in a report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of International Money Express in a research report on Thursday, May 9th. Finally, BMO Capital Markets upped their price objective on shares of International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.