Should You Worry About the Short Interest in Ebix Inc (EBIX)? - Tale of the Tape

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Share Name	Share Symbol	Market	Type
Ebix Inc	NASDAQ:EBIX	NASDAQ	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	1.16	1.18	1.20				0	01:00:00

Should You Worry About the Short Interest in Ebix Inc (EBIX)? - Tale of the Tape

01/05/2014 12:33pm

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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