TDCX Inc. (NYSE:TDCX) Short Interest Down 58.5% in April

TDCX Inc. (NYSE:TDCX - Get Free Report) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totalling 10,500 shares, a decline of 58.5% from the April 15th total of 25,300 shares. Based on an average daily volume of 288,500 shares, the days-to-cover ratio is currently 0.0 days.

TDCX Price Performance

Shares of TDCX stock traded up $0.01 during trading hours on Friday, reaching $7.11. The stock had a trading volume of 41,264 shares, compared to its average volume of 159,899. TDCX has a twelve month low of $4.22 and a twelve month high of $10.42. The company has a current ratio of 8.04, a quick ratio of 8.04 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.03 billion, a PE ratio of 11.46 and a beta of 0.26. The stock's 50 day moving average is $7.12 and its 200 day moving average is $6.05.

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

Hedge Funds Weigh In On TDCX

A number of large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of TDCX by 53.8% during the first quarter. GAMMA Investing LLC now owns 5,365 shares of the company's stock worth $38,000 after purchasing an additional 1,876 shares in the last quarter. Jump Financial LLC purchased a new position in shares of TDCX in the fourth quarter worth about $58,000. Russell Investments Group Ltd. boosted its position in TDCX by 162.6% during the fourth quarter. Russell Investments Group Ltd. now owns 23,243 shares of the company's stock worth $110,000 after acquiring an additional 14,393 shares during the last quarter. Trexquant Investment LP grew its stake in TDCX by 187.6% during the 4th quarter. Trexquant Investment LP now owns 67,755 shares of the company's stock valued at $329,000 after acquiring an additional 44,198 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in TDCX by 696.0% in the 3rd quarter. Acadian Asset Management LLC now owns 78,729 shares of the company's stock valued at $460,000 after acquiring an additional 68,839 shares during the last quarter. 10.95% of the stock is currently owned by institutional investors and hedge funds.

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.