Short Interest in Ebix Increases By 16.2% (EBIX)
Ebix (NASDAQ:EBIX) saw a large growth in short interest in the month of June. As of June 13th, there was short interest totalling 14,588,271 shares, a growth of 16.2% from the May 30th total of 12,549,727 shares, Analyst Ratings.Net reports. Based on an average daily trading volume, of 1,154,542 shares, the short-interest ratio is currently 12.6 days. Currently, 49.7% of the company’s shares are sold short.
Shares of Ebix (NASDAQ:EBIX) opened at 14.24 on Monday. Ebix has a 1-year low of $8.31 and a 1-year high of $17.95. The stock’s 50-day moving average is $14. and its 200-day moving average is $15.35. The company has a market cap of $546.6 million and a price-to-earnings ratio of 9.73.
Ebix (NASDAQ:EBIX) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.04. The company had revenue of $51.40 million for the quarter, compared to the consensus estimate of $51.50 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. On average, analysts predict that Ebix will post $1.58 earnings per share for the current fiscal year.
Ebix, Inc (NASDAQ:EBIX) is an international supplier of software and e-commerce solutions to the insurance industry.
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