Short Interest in TDCX Inc. (NYSE:TDCX) Drops By 29.2%

TDCX Inc. (NYSE:TDCX – Get Rating) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 1,380,000 shares, a drop of 29.2% from the March 31st total of 1,950,000 shares. Currently, 6.2% of the company’s stock are sold short. Based on an average trading volume of 290,000 shares, the short-interest ratio is presently 4.8 days.

Separately, HSBC started coverage on TDCX in a report on Wednesday, March 23rd. They set a “buy” rating and a $19.00 target price on the stock.

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in TDCX during the fourth quarter worth approximately $43,949,000. Tree Line Advisors Hong Kong Ltd. bought a new position in shares of TDCX during the 4th quarter worth approximately $29,491,000. Teacher Retirement System of Texas acquired a new position in shares of TDCX during the 4th quarter worth approximately $24,646,000. JPMorgan Chase & Co. bought a new stake in TDCX in the 4th quarter valued at $23,372,000. Finally, Norges Bank acquired a new stake in TDCX during the 4th quarter valued at $16,661,000. Institutional investors and hedge funds own 8.84% of the company’s stock.

NYSE:TDCX opened at $13.85 on Friday. TDCX has a 1-year low of $9.63 and a 1-year high of $30.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.84 and a quick ratio of 5.84. The firm has a fifty day simple moving average of $13.03 and a 200 day simple moving average of $16.78.

TDCX (NYSE:TDCX – Get Rating) last announced its quarterly earnings results on Wednesday, March 9th. The company reported $0.15 EPS for the quarter. The firm had revenue of $114.50 million during the quarter.

About TDCX (Get Rating)

TDCX Inc, together with its subsidiaries, provides outsource contact center services for technology and other blue-chip companies in Singapore, Malaysia, Thailand, the Philippines, Japan, China, Spain, India, Colombia, and Romania. It offers digital customer experience solutions, including after-sales service and customer support across various industry verticals, such as travel and hospitality, digital advertising and media, fast-moving consumer goods, technology, financial services, fintech, government and non-governmental organizations, gaming, e-commerce, and education.

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