International Money Express, Inc. (NASDAQ:IMXI) Short Interest Update

International Money Express, Inc. (NASDAQ:IMXI) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 838,600 shares, a decline of 13.8% from the December 15th total of 972,400 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 224,600 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IMXI. Rhumbline Advisers grew its holdings in International Money Express by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock valued at $956,000 after buying an additional 452 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after purchasing an additional 637 shares in the last quarter. nVerses Capital LLC lifted its stake in shares of International Money Express by 133.3% during the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares during the period. SG Americas Securities LLC lifted its stake in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after acquiring an additional 2,182 shares during the period. Finally, Quarry LP increased its holdings in International Money Express by 113.7% in the second quarter. Quarry LP now owns 4,760 shares of the company’s stock valued at $99,000 after purchasing an additional 2,533 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 0.8 %

Shares of IMXI traded down $0.17 during trading on Friday, reaching $21.04. The company’s stock had a trading volume of 110,322 shares, compared to its average volume of 129,163. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The company has a market cap of $654.34 million, a price-to-earnings ratio of 11.75 and a beta of 0.89. International Money Express has a twelve month low of $16.17 and a twelve month high of $23.28. The company has a fifty day moving average of $20.99 and a two-hundred day moving average of $19.48.

Analyst Ratings Changes

IMXI has been the topic of a number of recent analyst reports. Monness Crespi & Hardt reduced their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Oppenheimer started coverage on shares of International Money Express in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Northland Securities boosted their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their target price on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Needham & Company LLC increased their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, International Money Express has an average rating of “Moderate Buy” and an average price target of $27.00.

About International Money Express

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.