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

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

International Money Express Stock Up 0.5 %

Shares of NASDAQ IMXI traded up $0.11 during mid-day trading on Tuesday, reaching $20.38. The company had a trading volume of 85,967 shares, compared to its average volume of 227,391. The firm has a 50 day simple moving average of $20.74 and a two-hundred day simple moving average of $21.10. International Money Express has a 52-week low of $15.76 and a 52-week high of $26.25. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.24. The stock has a market cap of $665.20 million, a P/E ratio of 12.31 and a beta of 0.84.

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

Analyst Ratings Changes

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

Institutional Trading of International Money Express

Hedge funds have recently made changes to their positions in the company. Ancora Advisors LLC lifted its holdings in shares of International Money Express by 6.1% in the 1st quarter. Ancora Advisors LLC now owns 111,536 shares of the company’s stock valued at $2,546,000 after buying an additional 6,432 shares during the period. Jacobs Levy Equity Management Inc. raised its position in International Money Express by 12.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 262,078 shares of the company’s stock worth $5,983,000 after acquiring an additional 28,207 shares in the last quarter. Silvercrest Asset Management Group LLC raised its position in International Money Express by 4.5% in the first quarter. Silvercrest Asset Management Group LLC now owns 374,133 shares of the company’s stock worth $8,541,000 after acquiring an additional 16,222 shares in the last quarter. Aristides Capital LLC acquired a new stake in International Money Express in the first quarter valued at $342,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of International Money Express by 95.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after purchasing an additional 47,385 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

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.