Seeking Alpha

Ebix rallies following deal with Intel

  • Ebix's (EBIX +5.9%) A.D.A.M. health information/portal unit has created cloud-based medical training programs optimized for touch-enabled Intel ultrabooks.
  • 32.5% of Ebix's float was shorted as of July 31, as short-sellers bet the company's legal issues (I, II) will send shares lower still. Those who shorted Ebix before its Goldman deal was terminated are staring at huge profits.
  • Ebix sold off last Friday after posing mixed Q2 results.
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