Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Short Interest Down 45.5% in March

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) saw a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 571,800 shares, a decline of 45.5% from the February 28th total of 1,050,000 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 305,800 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of Joint Stock Company Kaspi.kz

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP grew its stake in 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 valued at $11,862,000 after buying an additional 114,761 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Joint Stock Company Kaspi.kz in the third quarter worth $7,942,000. Abacus FCF Advisors LLC purchased a new position in shares of Joint Stock Company Kaspi.kz in the fourth quarter valued at $684,000. Flossbach Von Storch SE raised its stake in shares of Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock valued at $1,421,000 after purchasing an additional 2,500 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Joint Stock Company Kaspi.kz by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock worth $15,859,000 after purchasing an additional 1,440 shares in the last quarter. Institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Stock Performance

NASDAQ KSPI traded up $1.24 during trading on Friday, hitting $94.05. 250,790 shares of the company’s stock traded hands, compared to its average volume of 301,652. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 9.07 and a beta of 1.28. Joint Stock Company Kaspi.kz has a 12-month low of $86.24 and a 12-month high of $143.72. The business has a 50 day moving average of $99.04 and a 200-day moving average of $103.75.

Analysts Set New Price Targets

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

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.