Will Ebix Inc (NASDAQ:EBIX) Run Out of Steam Soon? Short Interest Is Down

May 25, 2018 - By Marie Mckinney

Ebix, Inc. (NASDAQ:EBIX) Logo

Investors sentiment decreased to 1.22 in 2017 Q4. Its down 0.01, from 1.23 in 2017Q3. It worsened, as 17 investors sold Ebix, Inc. shares while 46 reduced holdings. 29 funds opened positions while 48 raised stakes. 19.76 million shares or 2.52% more from 19.27 million shares in 2017Q3 were reported.
Guggenheim Cap Limited Liability Com reported 26,130 shares. Legal And General Group Public Llc owns 46,637 shares. Ahl Partners Llp reported 41,797 shares. 18,470 are owned by Piedmont Inv Advsr Limited Com. Swiss Bank holds 35,100 shares or 0% of its portfolio. Creative Planning invested 0% of its portfolio in Ebix, Inc. (NASDAQ:EBIX). Solaris Asset Management Limited Liability Co holds 0.2% in Ebix, Inc. (NASDAQ:EBIX) or 4,430 shares. Northern Trust Corp invested in 0.01% or 449,524 shares. Morgan Stanley has invested 0% in Ebix, Inc. (NASDAQ:EBIX). Northwestern Mutual Wealth Management has 0% invested in Ebix, Inc. (NASDAQ:EBIX). Utd Services Automobile Association holds 11,280 shares or 0% of its portfolio. Teacher Retirement Of Texas holds 0% or 7,082 shares in its portfolio. Aqr Mngmt Ltd accumulated 48,327 shares or 0% of the stock. Dimensional Fund Advsr Limited Partnership holds 533,665 shares. Catalyst Capital Advsr Ltd invested in 775 shares or 0% of the stock.

The stock of Ebix Inc (NASDAQ:EBIX) registered a decrease of 1.25% in short interest. EBIX’s total short interest was 3.98M shares in May as published by FINRA. Its down 1.25% from 4.03M shares, reported previously. With 170,000 shares average volume, it will take short sellers 23 days to cover their EBIX’s short positions. The short interest to Ebix Inc’s float is 15.6%.

The stock decreased 0.92% or $0.7 during the last trading session, reaching $75.05. About 39,058 shares traded. Ebix, Inc. (NASDAQ:EBIX) has risen 20.38% since May 25, 2017 and is uptrending. It has outperformed by 8.83% the S&P500.

Ebix, Inc. provides software and e-commerce solutions to insurance, finance, and healthcare industries. The company has market cap of $2.36 billion. It offers software development, customization, and consulting services to various entities in the insurance industry, including carriers, brokers, exchanges, and standard making bodies. It has a 23.68 P/E ratio. The firm operates data exchanges in the areas of life insurance, annuities, employee health benefits, risk management, workers compensation, insurance underwriting, and property and casualty insurance.

More important recent Ebix, Inc. (NASDAQ:EBIX) news were published by: Nasdaq.com which released: “Report: Exploring Fundamental Drivers Behind Syros Pharmaceuticals, J & J Snack Foods, Wright Medical Group NV …” on May 21, 2018, also Seekingalpha.com published article titled: “Ebix’s (EBIX) CEO Robin Raina on Q1 2018 Results – Earnings Call Transcript”, Nasdaq.com published: “Ebix Declares 7.5 Cent Quarterly Dividend, Payable June 15, to Shareholders of Record May 31, 2018” on May 10, 2018. More interesting news about Ebix, Inc. (NASDAQ:EBIX) was released by: Nasdaq.com and their article: “Ebix Hosts Q1 Investor Call Wednesday, May 9th at 11:00 am ET” with publication date: May 03, 2018.

Ebix, Inc. (NASDAQ:EBIX) Institutional Positions Chart

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