Short Interest in Freedom Holding Corp. (NASDAQ:FRHC) Grows By 18.5%

Freedom Holding Corp. (NASDAQ:FRHC) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 257,800 shares, a growth of 18.5% from the March 15th total of 217,600 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 87,700 shares, the short-interest ratio is presently 2.9 days.

Freedom Trading Up 5.3 %

Shares of FRHC traded up $6.65 during midday trading on Tuesday, hitting $133.27. 44,983 shares of the stock were exchanged, compared to its average volume of 83,078. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $7.81 billion, a P/E ratio of 24.95 and a beta of 1.10. The stock has a fifty day simple moving average of $135.65 and a 200 day simple moving average of $127.82. Freedom has a 52-week low of $64.00 and a 52-week high of $164.82.

Freedom (NASDAQ:FRHC) last posted its earnings results on Friday, February 7th. The company reported $1.29 earnings per share for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Insider Activity at Freedom

In other Freedom news, insider Sergey Lukyanov sold 2,901 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $160.29, for a total transaction of $465,001.29. Following the completion of the transaction, the insider now owns 124,800 shares of the company’s stock, valued at $20,004,192. This represents a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Wotczak sold 11,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $156.88, for a total value of $1,725,680.00. Following the completion of the sale, the chief executive officer now owns 59,000 shares of the company’s stock, valued at approximately $9,255,920. The trade was a 15.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,973 shares of company stock valued at $4,883,489 in the last ninety days. Corporate insiders own 70.40% of the company’s stock.

Institutional Trading of Freedom

Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Freedom during the 4th quarter worth approximately $10,589,000. D. E. Shaw & Co. Inc. raised its holdings in shares of Freedom by 1,127.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 64,369 shares of the company’s stock valued at $8,412,000 after buying an additional 59,124 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Freedom by 286.0% during the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company’s stock worth $4,471,000 after buying an additional 25,350 shares during the period. Millennium Management LLC acquired a new stake in Freedom in the fourth quarter worth about $2,130,000. Finally, BNP Paribas Financial Markets bought a new stake in Freedom during the fourth quarter worth approximately $1,534,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.