Should You Worry About the Short Interest in Ebix Inc (EBIX)? - Tale of the Tape
May 01 2014 - 07:33AM
Zacks
Many investors appear to be quite bearish
Ebix Inc (EBIX) especially if you look at the
percentage of the float that is sold short for this stock.
Currently, 39.1% of the float is sold short, suggesting an extreme
level of bearishness for EBIX.
However, it is worth noting that earnings estimates have actually
been moving higher for the company, despite the pessimism. Thanks
to these rising estimates, we actually have a Zacks Rank #2 (Buy)
on EBIX, so we clearly don’t believe in the negativity
surrounding this firm, and are instead looking for shares of EBIX
to move higher in the weeks ahead.
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