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.

 
EBIX INC (EBIX): Get Free Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research
Ebix (NASDAQ:EBIX)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Ebix Charts.
Ebix (NASDAQ:EBIX)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Ebix Charts.