TDCX Inc. (NYSE:TDCX) Short Interest Down 26.2% in April

TDCX Inc. (NYSE:TDCX - Get Free Report) was the target of a significant decline in short interest in 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 daily trading volume, of 263,700 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, HSBC lowered shares of TDCX from a "buy" rating to a "hold" rating in a report on Thursday, January 4th.

Hedge Funds Weigh In On TDCX

Several institutional investors have recently made changes to their positions in TDCX. Barclays PLC acquired a new position in shares of TDCX during the second quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in shares of TDCX by 53.8% during the first quarter. GAMMA Investing LLC now owns 5,365 shares of the company's stock valued at $38,000 after purchasing an additional 1,876 shares during the period. Jump Financial LLC acquired a new position in shares of TDCX during the fourth quarter valued at about $58,000. Russell Investments Group Ltd. raised its holdings in shares of TDCX by 162.6% during the fourth quarter. Russell Investments Group Ltd. now owns 23,243 shares of the company's stock valued at $110,000 after purchasing an additional 14,393 shares during the period. Finally, Trexquant Investment LP raised its holdings in shares of TDCX by 187.6% during the fourth quarter. Trexquant Investment LP now owns 67,755 shares of the company's stock valued at $329,000 after purchasing an additional 44,198 shares during the period. Institutional investors and hedge funds own 10.95% of the company's stock.

TDCX Trading Down 0.8 %

TDCX stock traded down $0.06 during midday trading on Friday, hitting $7.06. The stock had a trading volume of 84,421 shares, compared to its average volume of 73,502. The firm has a market cap of $1.02 billion, a P/E ratio of 11.39 and a beta of 0.29. The company has a current ratio of 7.64, a quick ratio of 8.16 and a debt-to-equity ratio of 0.03. TDCX has a 1-year low of $4.22 and a 1-year high of $10.42. The business has a fifty day moving average price of $6.96 and a two-hundred day moving average price of $5.92.

TDCX (NYSE:TDCX - Get Free Report) last released its earnings results on Wednesday, March 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.04. The business had revenue of $120.43 million for the quarter, compared to analyst estimates of $118.67 million. TDCX had a net margin of 18.24% and a return on equity of 18.91%. On average, sell-side analysts predict that TDCX will post 0.63 earnings per share for the current fiscal year.

About TDCX

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.