Ebix Potential Downside Is 70 Percent JCAP Research

It’s time to short Ebix Inc. That’s the opinion of JCAP’s analysts Melvin Glapion and Anne Stevenson-Yang, who advised clients to short the company in a research note sent to clients earlier this month.

And it seems that the JCAP duo aren’t the only ones who believe Ebix is a great short at current levels. Indeed, at time of writing around 26% of Ebix’s free float is on loan to short sellers. Shares in the company are up by around 40% year-to-date excluding dividends. Renown short-seller Gotham Research has been bearish on the company for several years, which some bulls view as a Buffett style stock.

Short thesis 

JCAP’s short thesis is based on their belief that Ebix has relied upon...