Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Update

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,050,000 shares, an increase of 16.2% from the February 13th total of 904,000 shares. Based on an average trading volume of 286,200 shares, the short-interest ratio is presently 3.7 days. Approximately 0.7% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating on the stock in a report on Monday, December 2nd.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds have recently added to or reduced their stakes in KSPI. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz during the 3rd quarter valued at about $7,942,000. Flossbach Von Storch SE boosted its position in Joint Stock Company Kaspi.kz by 20.0% in the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock valued at $1,421,000 after buying an additional 2,500 shares during the period. Geode Capital Management LLC boosted its position in Joint Stock Company Kaspi.kz by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock valued at $15,859,000 after buying an additional 1,440 shares during the period. Abacus FCF Advisors LLC purchased a new stake in shares of Joint Stock Company Kaspi.kz in the 4th quarter worth approximately $684,000. Finally, Marshall Wace LLP lifted its position in shares of Joint Stock Company Kaspi.kz by 1,095.0% in the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock worth $11,862,000 after purchasing an additional 114,761 shares during the period. 32.20% of the stock is currently owned by institutional investors.

Joint Stock Company Kaspi.kz Price Performance

Shares of Joint Stock Company Kaspi.kz stock traded down $0.63 during trading hours on Wednesday, reaching $96.31. The company’s stock had a trading volume of 353,874 shares, compared to its average volume of 303,185. The stock has a market cap of $19.21 billion, a P/E ratio of 9.30 and a beta of 1.28. Joint Stock Company Kaspi.kz has a one year low of $86.24 and a one year high of $143.72. The firm has a 50 day moving average price of $98.68 and a 200-day moving average price of $104.98. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.