TDCX Inc. (NYSE:TDCX) Short Interest Update

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

TDCX Price Performance

TDCX opened at $7.06 on Friday. The firm 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 current ratio of 7.64, a quick ratio of 8.16 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average price is $6.96 and its 200 day moving average price is $5.92. TDCX has a 12-month low of $4.22 and a 12-month high of $10.42.

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

Institutional Investors Weigh In On TDCX

Hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of TDCX by 69.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 868,623 shares of the company’s stock worth $4,213,000 after acquiring an additional 357,278 shares in the last quarter. Boston Partners acquired a new position in TDCX during the 4th quarter worth $615,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in TDCX by 130.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 127,871 shares of the company’s stock worth $756,000 after purchasing an additional 72,351 shares in the last quarter. Acadian Asset Management LLC increased its holdings in TDCX by 696.0% during the 3rd quarter. Acadian Asset Management LLC now owns 78,729 shares of the company’s stock worth $460,000 after purchasing an additional 68,839 shares during the period. Finally, Trexquant Investment LP raised its position in TDCX by 187.6% in the 4th 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 in the last quarter. 10.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.