TDCX Inc. (NYSE:TDCX) Short Interest Update

TDCX Inc. (NYSE:TDCX) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 25,300 shares, a decline of 26.2% from the March 31st total of 34,300 shares. Based on an average trading volume of 263,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TDCX. GAMMA Investing LLC increased its position in shares of TDCX by 53.8% in the first quarter. GAMMA Investing LLC now owns 5,365 shares of the company’s stock worth $38,000 after acquiring an additional 1,876 shares in the last quarter. Carmignac Gestion raised its position in TDCX by 9.1% in the fourth quarter. Carmignac Gestion now owns 120,000 shares of the company’s stock valued at $582,000 after purchasing an additional 10,000 shares during the period. Trexquant Investment LP lifted its stake in shares of TDCX by 187.6% during the fourth quarter. Trexquant Investment LP now owns 67,755 shares of the company’s stock worth $329,000 after purchasing an additional 44,198 shares in the last quarter. Boston Partners purchased a new stake in shares of TDCX in the fourth quarter worth about $615,000. Finally, Jump Financial LLC acquired a new stake in shares of TDCX in the fourth quarter valued at about $58,000. 10.95% of the stock is owned by institutional investors and hedge funds.

TDCX Trading Down 0.8 %

TDCX stock opened at $7.06 on Friday. TDCX has a 52 week low of $4.22 and a 52 week high of $10.42. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 11.39 and a beta of 0.29. The company has a quick ratio of 8.16, a current ratio of 7.64 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $5.92.

TDCX (NYSE:TDCX) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $120.43 million during the quarter, compared to analyst estimates of $118.67 million. TDCX had a return on equity of 18.91% and a net margin of 18.24%. On average, equities research analysts expect that TDCX will post 0.63 EPS for the current year.

Analyst Ratings Changes

Separately, HSBC cut TDCX from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

TDCX Company Profile

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, South Korea, 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.