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

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

International Money Express Stock Performance

NASDAQ:IMXI traded down $0.17 during trading hours on Friday, reaching $21.04. The company had a trading volume of 110,322 shares, compared to its average volume of 129,163. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express has a 52 week low of $16.17 and a 52 week high of $23.28. The firm has a market cap of $654.34 million, a price-to-earnings ratio of 11.75 and a beta of 0.89. The firm’s 50 day moving average price is $20.99 and its 200-day moving average price is $19.48.

Analyst Ratings Changes

A number of analysts recently commented on IMXI shares. Needham & Company LLC boosted their target price on International Money Express from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Northland Securities upped their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Oppenheimer began coverage on International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. BMO Capital Markets upped their price target on shares of International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Finally, Monness Crespi & Hardt decreased their price target on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Institutional Investors Weigh In On International Money Express

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in International Money Express by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock worth $956,000 after purchasing an additional 452 shares in the last quarter. American Century Companies Inc. lifted its holdings in International Money Express by 44.1% during the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock valued at $3,069,000 after buying an additional 45,068 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of International Money Express by 83.8% during the second quarter. Renaissance Technologies LLC now owns 130,700 shares of the company’s stock worth $2,724,000 after acquiring an additional 59,600 shares during the period. First Eagle Investment Management LLC raised its stake in shares of International Money Express by 46.9% during the second quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after acquiring an additional 152,464 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of International Money Express by 973.4% during the second quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company’s stock valued at $387,000 after acquiring an additional 16,849 shares in the last quarter. Institutional investors 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.