Short Interest in Lesaka Technologies, Inc. (NASDAQ:LSAK) Drops By 16.9%

Lesaka Technologies, Inc. (NASDAQ:LSAK) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 45,100 shares, a drop of 16.9% from the November 15th total of 54,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,100 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of LSAK. Renaissance Technologies LLC lifted its position in Lesaka Technologies by 8.8% in the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock worth $852,000 after buying an additional 14,700 shares during the last quarter. Rathbones Group PLC raised its stake in shares of Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock worth $5,955,000 after acquiring an additional 636,166 shares in the last quarter. Finally, Hosking Partners LLP lifted its holdings in shares of Lesaka Technologies by 58.8% in the 2nd quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after acquiring an additional 965,576 shares during the last quarter. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

Lesaka Technologies Stock Up 0.2 %

Shares of NASDAQ LSAK opened at $5.12 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. The business has a 50-day moving average of $5.24 and a 200-day moving average of $4.91. The firm has a market capitalization of $399.46 million, a price-to-earnings ratio of -20.48 and a beta of 0.89. Lesaka Technologies has a 12 month low of $3.00 and a 12 month high of $5.60.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, September 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Lesaka Technologies had a negative return on equity of 9.15% and a negative net margin of 2.85%. The company had revenue of $146.05 million during the quarter, compared to analysts’ expectations of $149.30 million. During the same period in the prior year, the firm earned ($0.19) EPS. Sell-side analysts expect that Lesaka Technologies will post -0.08 earnings per share for the current fiscal year.

About Lesaka Technologies

Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.